Exchange Traded Concepts LLC Increases Stock Holdings in American International Group, Inc. (NYSE:AIG)

Exchange Traded Concepts LLC lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,551 shares of the insurance provider’s stock after buying an additional 7,719 shares during the period. Exchange Traded Concepts LLC’s holdings in American International Group were worth $9,650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of American International Group in the third quarter valued at about $494,000. Artemis Investment Management LLP grew its holdings in shares of American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock worth $19,965,000 after acquiring an additional 147,235 shares during the period. M&T Bank Corp increased its stake in American International Group by 329.0% in the 3rd quarter. M&T Bank Corp now owns 98,964 shares of the insurance provider’s stock valued at $7,247,000 after purchasing an additional 75,894 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in American International Group by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,920 shares of the insurance provider’s stock worth $2,997,000 after purchasing an additional 274 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in American International Group by 9.3% during the fourth quarter. GAMMA Investing LLC now owns 11,118 shares of the insurance provider’s stock worth $809,000 after purchasing an additional 950 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Down 0.7 %

Shares of NYSE AIG opened at $74.10 on Friday. The stock has a market capitalization of $46.22 billion, a PE ratio of -21.81, a P/E/G ratio of 5.89 and a beta of 1.06. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average of $73.86 and a 200-day moving average of $74.68. American International Group, Inc. has a 52-week low of $67.53 and a 52-week high of $80.83.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter in the previous year, the business earned $1.61 earnings per share. On average, analysts anticipate that American International Group, Inc. will post 4.89 EPS for the current year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.40 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.16%. American International Group’s payout ratio is -47.20%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. BMO Capital Markets downgraded American International Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $90.00 to $84.00 in a research note on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Keefe, Bruyette & Woods cut their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, Jefferies Financial Group increased their price objective on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $84.13.

American International Group 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.