AlphaStar Capital Management LLC bought a new position in American International Group Inc (NYSE:AIG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,087 shares of the insurance provider’s stock, valued at approximately $251,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in AIG. Northern Capital Management LLC raised its position in American International Group by 4.0% during the second quarter. Northern Capital Management LLC now owns 46,115 shares of the insurance provider’s stock valued at $2,883,000 after acquiring an additional 1,760 shares in the last quarter. Girard Partners LTD. bought a new position in shares of American International Group in the second quarter valued at approximately $215,000. Oppenheimer & Co. Inc. raised its position in shares of American International Group by 9.8% in the second quarter. Oppenheimer & Co. Inc. now owns 88,877 shares of the insurance provider’s stock valued at $5,557,000 after purchasing an additional 7,963 shares during the period. AXA raised its position in shares of American International Group by 113.5% in the second quarter. AXA now owns 411,178 shares of the insurance provider’s stock valued at $25,707,000 after purchasing an additional 218,583 shares during the period. Finally, Connable Office Inc. bought a new position in shares of American International Group in the third quarter valued at approximately $1,563,000. Institutional investors own 86.10% of the company’s stock.

American International Group Inc (AIG) opened at $59.51 on Monday. The stock has a market cap of $53,497.07, a PE ratio of 23.71, a P/E/G ratio of 1.96 and a beta of 1.17. American International Group Inc has a 52-week low of $57.90 and a 52-week high of $67.47. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.43.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($2.45). The firm had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same period in the prior year, the firm posted $1.23 earnings per share. analysts forecast that American International Group Inc will post 2.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a $0.32 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.15%. American International Group’s dividend payout ratio (DPR) is presently -51.00%.

A number of equities analysts recently issued reports on AIG shares. Bank of America dropped their target price on shares of American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, October 10th. Morgan Stanley reaffirmed a “buy” rating on shares of American International Group in a research report on Tuesday, October 10th. Zacks Investment Research lowered shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. B. Riley reiterated a “neutral” rating on shares of American International Group in a research note on Monday, November 6th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $75.00 price target on shares of American International Group in a research note on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $67.70.

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American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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