Hantz Financial Services Inc. Purchases 4,627 Shares of American International Group, Inc. (NYSE:AIG)

Hantz Financial Services Inc. lifted its holdings in American International Group, Inc. (NYSE:AIG) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 266,556 shares of the insurance provider’s stock after acquiring an additional 4,627 shares during the period. Hantz Financial Services Inc.’s holdings in American International Group were worth $19,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Christopher J. Hasenberg Inc bought a new stake in American International Group in the third quarter worth approximately $26,000. True Wealth Design LLC bought a new stake in shares of American International Group in the 3rd quarter valued at $29,000. Continuum Advisory LLC lifted its position in shares of American International Group by 60.7% during the 3rd 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 period. Fortitude Family Office LLC boosted 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 acquired a new stake in American International Group in the third quarter worth $46,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AIG has been the topic of several research reports. UBS Group upped their price objective on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods cut their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Bank of America boosted their price objective on American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. BMO Capital Markets cut American International Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, American International Group currently has an average rating of “Hold” and an average price target of $84.13.

American International Group Trading Down 1.2 %

NYSE:AIG opened at $75.18 on Wednesday. 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 $73.79 and a two-hundred day moving average price of $74.63. 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 $46.90 billion, a price-to-earnings ratio of -22.18, a price-to-earnings-growth ratio of 5.89 and a beta of 1.06.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion for 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 company posted $1.61 earnings per share. On average, equities analysts expect that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.13%. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

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.