American International Group, Inc. (NYSE:AIG) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its position in American International Group, Inc. (NYSE:AIG) by 4.5% during the 4th quarter, Holdings Channel reports. The fund owned 15,136 shares of the insurance provider’s stock after acquiring an additional 645 shares during the quarter. Avantax Advisory Services Inc.’s holdings in American International Group were worth $1,102,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new stake in American International Group in the fourth quarter valued at approximately $25,000. Asset Planning Inc purchased a new position in American International Group in the fourth quarter valued at approximately $26,000. True Wealth Design LLC purchased a new position in American International Group in the third quarter valued at approximately $29,000. BankPlus Trust Department purchased a new position in American International Group in the fourth quarter valued at approximately $36,000. Finally, Continuum Advisory LLC increased its stake in American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $770,000. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by corporate insiders.

American International Group Stock Performance

NYSE:AIG opened at $83.67 on Thursday. The firm’s fifty day moving average price is $76.95 and its 200 day moving average price is $75.47. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $84.99. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $49.64 billion, a price-to-earnings ratio of -40.23, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. On average, sell-side analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is currently -76.92%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Wells Fargo & Company increased their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Morgan Stanley increased their price target on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.31.

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.