17,160 Shares in American International Group, Inc. $AIG Acquired by Coastline Trust Co

Coastline Trust Co purchased a new stake in American International Group, Inc. (NYSE:AIG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,160 shares of the insurance provider’s stock, valued at approximately $1,468,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AIG. Geneos Wealth Management Inc. raised its holdings in American International Group by 2.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after buying an additional 129 shares during the last quarter. Westwood Holdings Group Inc. raised its position in American International Group by 2.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after purchasing an additional 130 shares during the last quarter. First Bank & Trust increased its stake in shares of American International Group by 2.2% in the third quarter. First Bank & Trust now owns 6,053 shares of the insurance provider’s stock valued at $475,000 after buying an additional 131 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of American International Group by 17.7% in the third quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock valued at $68,000 after buying an additional 131 shares during the period. Finally, Howard Capital Management Inc. raised its holdings in American International Group by 3.0% during the 3rd quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider’s stock worth $370,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

AIG has been the subject of a number of analyst reports. Cantor Fitzgerald lifted their target price on shares of American International Group from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada initiated coverage on shares of American International Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $85.00 target price on the stock. Evercore cut their target price on shares of American International Group from $90.00 to $85.00 in a research note on Friday, January 23rd. The Goldman Sachs Group raised American International Group from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Thursday, March 5th. Finally, Jefferies Financial Group upped their price target on American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $88.17.

American International Group Stock Performance

Shares of American International Group stock opened at $73.77 on Friday. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $88.07. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $76.39 and a 200-day moving average price of $78.58. The company has a market cap of $39.58 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 0.57 and a beta of 0.58.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter in the previous year, the firm earned $1.30 earnings per share. Equities analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. American International Group’s dividend payout ratio (DPR) is currently 33.21%.

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.