American International Group, Inc. (NYSE:AIG) Shares Acquired by Carnegie Capital Asset Management LLC

Carnegie Capital Asset Management LLC boosted its stake in American International Group, Inc. (NYSE:AIG) by 18.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,685 shares of the insurance provider’s stock after acquiring an additional 900 shares during the period. Carnegie Capital Asset Management LLC’s holdings in American International Group were worth $385,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in American International Group by 18.7% in the 4th quarter. Nordea Investment Management AB now owns 2,032,907 shares of the insurance provider’s stock valued at $138,014,000 after acquiring an additional 319,948 shares during the period. American Century Companies Inc. increased its position in American International Group by 22.6% in the 3rd quarter. American Century Companies Inc. now owns 422,852 shares of the insurance provider’s stock valued at $25,625,000 after acquiring an additional 77,874 shares during the period. Sequoia Financial Advisors LLC increased its position in American International Group by 121.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 38,809 shares of the insurance provider’s stock valued at $2,629,000 after acquiring an additional 21,279 shares during the period. Tritonpoint Wealth LLC acquired a new position in American International Group in the 4th quarter valued at about $1,072,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in American International Group by 12.9% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 581,239 shares of the insurance provider’s stock valued at $39,379,000 after purchasing an additional 66,603 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

Shares of NYSE:AIG opened at $72.58 on Thursday. American International Group, Inc. has a one year low of $48.95 and a one year high of $78.95. The business’s fifty day moving average price is $74.01 and its two-hundred day moving average price is $68.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $49.42 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 1.03 and a beta of 1.03.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.20. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The business had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The business’s revenue was up .0% on a year-over-year basis. On average, analysts forecast that American International Group, Inc. will post 7.07 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Wednesday, March 13th. American International Group’s dividend payout ratio (DPR) is 28.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AIG shares. UBS Group lifted their price objective on American International Group from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Evercore ISI lifted their price objective on American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Wells Fargo & Company lifted their price objective on American International Group from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods lifted their price objective on American International Group from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Finally, HSBC began coverage on American International Group in a report on Thursday, December 28th. They issued a “buy” rating and a $86.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, American International Group has an average rating of “Moderate Buy” and a consensus target price of $79.06.

Insider Transactions at American International Group

In other news, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the sale, the chief executive officer now owns 505,420 shares in the company, valued at $38,346,215.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Peter Zaffino sold 333,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $75.87, for a total value of $25,264,710.00. Following the transaction, the chief executive officer now directly owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Inglis bought 659 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the transaction, the director now directly owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. Insiders own 0.61% of the company’s stock.

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.