Atomi Financial Group Inc. Has $749,000 Stock Position in American International Group, Inc. (NYSE:AIG)

Atomi Financial Group Inc. boosted its stake in American International Group, Inc. (NYSE:AIG) by 17.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,293 shares of the insurance provider’s stock after acquiring an additional 1,499 shares during the period. Atomi Financial Group Inc.’s holdings in American International Group were worth $749,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after buying an additional 6,119,996 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in shares of American International Group by 5.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after purchasing an additional 722,237 shares during the period. Franklin Resources Inc. boosted its position in shares of American International Group by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock valued at $713,272,000 after purchasing an additional 457,821 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in American International Group by 0.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock worth $543,091,000 after purchasing an additional 59,180 shares during the period. Finally, Barclays PLC increased its holdings in American International Group by 24.7% in the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock worth $201,286,000 after purchasing an additional 544,110 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Down 0.5 %

NYSE:AIG opened at $74.76 on Thursday. American International Group, Inc. has a 52 week low of $67.53 and a 52 week high of $80.83. The firm has a 50-day moving average price of $73.89 and a two-hundred day moving average price of $74.67. 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 firm has a market cap of $46.64 billion, a price-to-earnings ratio of -22.05, a price-to-earnings-growth ratio of 5.91 and a beta of 1.06.

American International Group (NYSE:AIG) last announced 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. The firm had revenue of $6.75 billion during the quarter, compared to analyst estimates 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 period last year, the firm posted $1.61 EPS. On average, equities analysts expect that American International Group, Inc. will post 4.91 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio is currently -47.20%.

Analyst Ratings Changes

Several brokerages have recently commented on AIG. JPMorgan Chase & Co. reduced their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Evercore ISI dropped their price objective on shares of 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 raised their target price 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. BMO Capital Markets downgraded American International Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $90.00 to $84.00 in a research note on Tuesday, October 15th. Finally, UBS Group upped their target price on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.