Stoneridge Investment Partners LLC Makes New $4.61 Million Investment in American International Group, Inc. (NYSE:AIG)

Stoneridge Investment Partners LLC acquired a new stake in shares of American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 63,377 shares of the insurance provider’s stock, valued at approximately $4,614,000. American International Group comprises about 1.6% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 17th largest position.

A number of other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP raised its position in shares of 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 purchasing an additional 6,119,996 shares during the period. Prana Capital Management LP grew its stake in American International Group by 280.5% in the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock valued at $138,264,000 after buying an additional 1,391,859 shares during the last quarter. Swedbank AB raised its holdings in American International Group by 70.6% in the 4th quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock worth $154,896,000 after acquiring an additional 880,625 shares during the period. Diamond Hill Capital Management Inc. lifted its position in American International Group by 5.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after acquiring an additional 722,237 shares during the last quarter. Finally, Barclays PLC boosted its holdings in American International Group by 24.7% during the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock valued at $201,286,000 after acquiring an additional 544,110 shares during the period. 90.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. UBS Group lifted their price objective on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company upped their target price on shares of 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. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, American International Group has a consensus rating of “Hold” and an average price target of $84.13.

American International Group Trading Up 0.1 %

AIG stock opened at $74.69 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 firm has a market cap of $46.59 billion, a P/E ratio of -22.03, a P/E/G ratio of 5.87 and a beta of 1.05. American International Group, Inc. has a 1-year low of $67.96 and a 1-year high of $80.83. The business’s 50 day moving average is $73.44 and its 200-day moving average is $74.50.

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.