Sendero Wealth Management LLC Buys 1,409 Shares of American International Group, Inc. (NYSE:AIG)

Sendero Wealth Management LLC boosted its stake in American International Group, Inc. (NYSE:AIG) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,869 shares of the insurance provider’s stock after purchasing an additional 1,409 shares during the quarter. Sendero Wealth Management LLC’s holdings in American International Group were worth $2,611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new position in shares of American International Group in the 3rd quarter valued at $26,000. True Wealth Design LLC acquired a new stake in American International Group in the third quarter valued at about $29,000. Continuum Advisory LLC grew its position 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 acquiring an additional 207 shares during the last quarter. Fortitude Family Office LLC raised its stake in American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 210 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of American International Group in the third quarter worth about $46,000. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.8 %

Shares of NYSE AIG opened at $73.14 on Thursday. American International Group, Inc. has a 52-week low of $66.06 and a 52-week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50 day moving average price is $74.02 and its 200-day moving average price is $74.68. The company has a market capitalization of $45.62 billion, a P/E ratio of -21.58, a price-to-earnings-growth ratio of 7.30 and a beta of 1.06.

American International Group (NYSE:AIG) last released its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the previous year, the business earned $1.61 earnings per share. Equities analysts forecast that American International Group, Inc. will post 5.12 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.19%. American International Group’s dividend payout ratio is currently -47.20%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AIG. Bank of America lifted their price target on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Evercore ISI cut their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Wednesday, October 9th. Jefferies Financial Group upped their target price on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets cut American International Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, American International Group presently has an average rating of “Hold” and an average price target of $84.13.

American International Group Company Profile

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.