Apollon Wealth Management LLC Purchases 1,199 Shares of American International Group, Inc. (NYSE:AIG)

Apollon Wealth Management LLC grew its holdings in American International Group, Inc. (NYSE:AIG) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,009 shares of the insurance provider’s stock after purchasing an additional 1,199 shares during the period. Apollon Wealth Management LLC’s holdings in American International Group were worth $1,238,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Catalina Capital Group LLC increased its holdings in American International Group by 5.1% during the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock worth $222,000 after buying an additional 148 shares during the last quarter. EagleClaw Capital Managment LLC increased its stake in shares of American International Group by 0.5% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock worth $2,225,000 after purchasing an additional 150 shares during the last quarter. Independent Advisor Alliance raised its holdings in shares of American International Group by 1.6% in the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock valued at $761,000 after purchasing an additional 161 shares during the period. Graypoint LLC lifted its position in shares of American International Group by 2.0% in the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock valued at $635,000 after buying an additional 167 shares during the last quarter. Finally, Commerce Bank boosted its position in American International Group by 1.0% during the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock worth $1,262,000 after purchasing an additional 172 shares during the period. Institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Keefe, Bruyette & Woods cut their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lowered their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Finally, Wells Fargo & Company upped their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $84.13.

American International Group Stock Performance

American International Group stock opened at $75.09 on Tuesday. American International Group, Inc. has a 1-year low of $68.04 and a 1-year high of $80.83. The firm has a market cap of $46.84 billion, a P/E ratio of -22.15, a P/E/G ratio of 5.87 and a beta of 1.05. 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 50-day moving average of $73.44 and a 200-day moving average of $74.47.

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.