American International Group, Inc. (NYSE:AIG) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,481 shares of the insurance provider’s stock after purchasing an additional 1,205 shares during the period. Crossmark Global Holdings Inc.’s holdings in American International Group were worth $2,947,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Christopher J. Hasenberg Inc acquired a new stake in shares of American International Group in the 3rd quarter worth $26,000. True Wealth Design LLC acquired a new stake in American International Group during the third quarter worth about $29,000. Continuum Advisory LLC increased its position in American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 207 shares during the last quarter. Fortitude Family Office LLC raised its stake in American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in American International Group in the 3rd quarter valued at about $46,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on AIG shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Wells Fargo & Company lifted their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. BMO Capital Markets cut American International Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 price objective (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $84.13.

American International Group Price Performance

AIG stock opened at $74.76 on Thursday. American International Group, Inc. has a 1 year low of $67.53 and a 1 year high of $80.83. The firm has a market capitalization of $46.64 billion, a P/E ratio of -22.05, a P/E/G ratio of 5.91 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The business’s 50-day moving average is $73.89 and its two-hundred day moving average is $74.67.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. Analysts anticipate that American International Group, Inc. will post 4.91 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.14%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.