AlphaQuest LLC Purchases New Shares in American International Group, Inc. $AIG

AlphaQuest LLC acquired a new stake in shares of American International Group, Inc. (NYSE:AIG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 34,685 shares of the insurance provider’s stock, valued at approximately $2,724,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Westfuller Advisors LLC purchased a new stake in American International Group in the third quarter worth about $26,000. Eastern Bank grew its holdings in shares of American International Group by 2,473.3% during the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 371 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of American International Group in the 2nd quarter worth approximately $32,000. GFG Capital LLC purchased a new position in shares of American International Group in the 2nd quarter valued at approximately $33,000. Finally, Motco boosted its position in shares of American International Group by 950.0% during the third quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 380 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Up 0.7%

NYSE:AIG opened at $74.85 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $40.39 billion, a P/E ratio of 13.61, a P/E/G ratio of 0.56 and a beta of 0.62. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $88.07. The firm has a 50-day simple moving average of $78.90 and a two-hundred day simple moving average of $79.13.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the firm posted $1.23 earnings per share. Analysts predict that American International Group, Inc. will post 6.24 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 Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is currently 32.73%.

Analysts Set New Price Targets

A number of research firms have issued reports on AIG. Jefferies Financial Group increased their price objective on American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. HSBC reduced their target price on shares of American International Group from $91.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Wells Fargo & Company lifted their price target on shares of American International Group from $83.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Morgan Stanley cut their price objective on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Finally, The Goldman Sachs Group lifted their target price on shares of American International Group from $81.00 to $83.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $87.42.

American International Group Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.