American International Group, Inc. (NYSE:AIG) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 13.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,323 shares of the insurance provider’s stock after buying an additional 397 shares during the period. Fidelis Capital Partners LLC’s holdings in American International Group were worth $243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Atlanta Consulting Group Advisors LLC acquired a new stake in American International Group during the 3rd quarter worth approximately $494,000. Artemis Investment Management LLP raised its stake in shares of American International Group by 115.9% during the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock worth $19,965,000 after purchasing an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. lifted its holdings in shares of American International Group by 5.2% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock worth $5,155,000 after purchasing an additional 3,490 shares during the period. Merit Financial Group LLC purchased a new position in American International Group in the 4th quarter valued at $1,260,000. Finally, Williams & Novak LLC acquired a new position in American International Group in the 4th quarter valued at $279,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Activity

In other American International Group news, Director John G. Rice acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AIG shares. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Morgan Stanley boosted their target price on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. UBS Group reduced their price target on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Wells Fargo & Company upped their price objective on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, American International Group has a consensus rating of “Hold” and a consensus target price of $83.94.

American International Group Price Performance

Shares of NYSE AIG opened at $79.80 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a market cap of $47.35 billion, a price-to-earnings ratio of -38.37, a PEG ratio of 1.01 and a beta of 1.05. The company’s 50-day moving average price is $74.85 and its 200 day moving average price is $74.91. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $83.77.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.01%. American International Group’s dividend payout ratio (DPR) is -76.92%.

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.