American International Group, Inc. (NYSE:AIG) Shares Acquired by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,799 shares of the insurance provider’s stock after buying an additional 152 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in American International Group were worth $641,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AIG. Wealth Enhancement Advisory Services LLC boosted its position in shares of American International Group by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,920 shares of the insurance provider’s stock worth $2,997,000 after buying an additional 274 shares during the period. Wedmont Private Capital lifted its position in American International Group by 4.3% in the fourth quarter. Wedmont Private Capital now owns 13,018 shares of the insurance provider’s stock worth $918,000 after purchasing an additional 538 shares during the period. Miracle Mile Advisors LLC lifted its position in American International Group by 112.5% in the fourth quarter. Miracle Mile Advisors LLC now owns 7,970 shares of the insurance provider’s stock worth $580,000 after purchasing an additional 4,220 shares during the period. Pallas Capital Advisors LLC lifted its position in American International Group by 36.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 4,651 shares of the insurance provider’s stock worth $339,000 after purchasing an additional 1,238 shares during the period. Finally, Pines Wealth Management LLC acquired a new stake in American International Group in the fourth quarter worth approximately $207,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AIG has been the subject of a number of research analyst reports. UBS Group cut their target price on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Wednesday, March 5th. Barclays upped their target price on American International Group from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Jefferies Financial Group upped their target price on American International Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company upped their target price on American International Group from $81.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.88.

Insider Buying and Selling at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $83.26, for a total value of $3,845,113.32. Following the transaction, the executive vice president now directly owns 21,400 shares of the company’s stock, valued at approximately $1,781,764. This represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

American International Group Price Performance

Shares of NYSE:AIG opened at $81.71 on Thursday. The company’s fifty day moving average is $82.39 and its two-hundred day moving average is $77.63. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The company has a market cap of $47.09 billion, a P/E ratio of -39.28, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.13. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same period in the previous year, the business earned $1.25 EPS. Equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.45 per share. This is an increase from American International Group’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, June 13th. American International Group’s payout ratio is -67.67%.

About American International Group

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.