Forum Financial Management LP Boosts Stock Position in American International Group, Inc. (NYSE:AIG)

Forum Financial Management LP boosted its holdings in American International Group, Inc. (NYSE:AIGGet Rating) by 6.2% during the 1st quarter, Holdings Channel reports. The firm owned 12,364 shares of the insurance provider’s stock after acquiring an additional 718 shares during the period. Forum Financial Management LP’s holdings in American International Group were worth $776,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in AIG. HighTower Advisors LLC lifted its position in shares of American International Group by 10.5% during the 4th quarter. HighTower Advisors LLC now owns 65,074 shares of the insurance provider’s stock valued at $3,701,000 after buying an additional 6,174 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of American International Group by 199.3% during the 4th quarter. Acadian Asset Management LLC now owns 13,650 shares of the insurance provider’s stock valued at $774,000 after buying an additional 9,089 shares during the last quarter. Confluence Wealth Services Inc. purchased a new position in shares of American International Group during the 4th quarter valued at $97,000. Covestor Ltd purchased a new position in shares of American International Group during the 4th quarter valued at $61,000. Finally, Candriam Luxembourg S.C.A. lifted its position in shares of American International Group by 1.7% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 57,337 shares of the insurance provider’s stock valued at $3,260,000 after buying an additional 972 shares during the last quarter. Hedge funds and other institutional investors own 90.18% of the company’s stock.

American International Group Price Performance

Shares of NYSE AIG opened at $56.53 on Tuesday. The firm has a market capitalization of $42.99 billion, a P/E ratio of 3.71 and a beta of 1.17. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $52.78 and its two-hundred day simple moving average is $56.61. American International Group, Inc. has a twelve month low of $48.40 and a twelve month high of $65.73.

American International Group (NYSE:AIGGet Rating) last issued its quarterly earnings results on Monday, August 8th. The insurance provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). American International Group had a net margin of 22.23% and a return on equity of 7.12%. During the same quarter in the prior year, the firm earned $1.52 EPS. As a group, equities analysts anticipate that American International Group, Inc. will post 5.03 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.26%. American International Group’s payout ratio is 8.40%.

Insider Transactions at American International Group

In other news, EVP Luciana Fato sold 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $54.01, for a total value of $918,170.00. Following the completion of the sale, the executive vice president now directly owns 45,444 shares in the company, valued at approximately $2,454,430.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AIG. Credit Suisse Group boosted their price objective on American International Group from $50.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday. StockNews.com lowered American International Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 2nd. Finally, Barclays decreased their price objective on American International Group from $63.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 14th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $65.29.

American International Group Company Profile

(Get Rating)

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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