Longboard Asset Management LP Invests $217,000 in American International Group, Inc. (NYSE:AIG)

Longboard Asset Management LP acquired a new stake in shares of American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,987 shares of the insurance provider’s stock, valued at approximately $217,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Christopher J. Hasenberg Inc acquired a new stake in American International Group during the third quarter valued at $26,000. True Wealth Design LLC acquired a new position in American International Group during the third quarter worth $29,000. Continuum Advisory LLC raised its stake in shares of American International Group by 60.7% in 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 in the last quarter. Fortitude Family Office LLC raised its position in shares of American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 210 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in American International Group during the 3rd quarter worth $46,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. 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. UBS Group lifted their price target 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. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $84.13.

American International Group Trading Down 0.8 %

Shares of AIG opened at $73.08 on Tuesday. 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 stock has a market cap of $45.59 billion, a PE ratio of -21.56, a PEG ratio of 5.80 and a beta of 1.06. American International Group, Inc. has a 1 year low of $67.96 and a 1 year high of $80.83. The stock has a 50 day simple moving average of $73.74 and a 200-day simple moving average of $74.56.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The company had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period last year, the business earned $1.61 earnings per share. On average, sell-side analysts predict that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

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.