Financial Management Professionals Inc. Has $360,000 Holdings in American International Group, Inc. (NYSE:AIG)

Financial Management Professionals Inc. boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,947 shares of the insurance provider’s stock after buying an additional 532 shares during the period. Financial Management Professionals Inc.’s holdings in American International Group were worth $360,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. HB Wealth Management LLC increased its stake in shares of American International Group by 26.4% in the 4th quarter. HB Wealth Management LLC now owns 16,730 shares of the insurance provider’s stock valued at $1,218,000 after purchasing an additional 3,490 shares during the last quarter. Sanibel Captiva Trust Company Inc. bought a new position in American International Group in the fourth quarter valued at about $217,000. Arkadios Wealth Advisors raised its stake in American International Group by 13.8% during the fourth quarter. Arkadios Wealth Advisors now owns 3,373 shares of the insurance provider’s stock worth $246,000 after acquiring an additional 408 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of American International Group in the fourth quarter worth about $1,260,000. Finally, Avanza Fonder AB acquired a new stake in shares of American International Group in the 4th quarter valued at approximately $3,150,000. 90.60% of the stock is owned by institutional investors.

American International Group Trading Up 0.6 %

NYSE AIG opened at $75.06 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $73.89 and a 200 day simple moving average of $74.67. American International Group, Inc. has a 12 month low of $66.06 and a 12 month high of $80.83. The firm has a market capitalization of $46.82 billion, a P/E ratio of -22.14, a PEG ratio of 5.51 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 positive return on equity of 8.63% and a negative net margin of 6.19%. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period in the prior year, the company posted $1.61 earnings per share. On average, analysts predict that American International Group, Inc. will post 4.91 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.13%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio is -47.20%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AIG. The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Evercore ISI lowered their target price on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a report on Wednesday, October 9th. UBS Group lifted their price target on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company upped their price objective on 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. Finally, Jefferies Financial Group raised their price objective on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, American International Group presently has a consensus rating of “Hold” and an average price target of $84.13.

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.