Whipplewood Advisors LLC Invests $40,000 in American International Group, Inc. (NYSE:AIG)

Whipplewood Advisors LLC purchased a new position in American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 548 shares of the insurance provider’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of American International Group by 29.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,646 shares of the insurance provider’s stock valued at $2,977,000 after acquiring an additional 9,175 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of American International Group in the 3rd quarter worth $265,000. US Bancorp DE raised its stake in shares of American International Group by 0.5% in the third quarter. US Bancorp DE now owns 186,142 shares of the insurance provider’s stock worth $13,631,000 after purchasing an additional 886 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its holdings in shares of American International Group by 162.4% during the third quarter. Gladstone Institutional Advisory LLC now owns 16,877 shares of the insurance provider’s stock valued at $1,236,000 after purchasing an additional 10,445 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in American International Group by 11.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,032 shares of the insurance provider’s stock worth $295,000 after buying an additional 430 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. 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 research note on Tuesday, January 14th. JPMorgan Chase & Co. decreased their target price on shares of 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. Royal Bank of Canada restated an “outperform” rating and set a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. Finally, Morgan Stanley boosted their price target on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $83.94.

Insider Buying and Selling

In other American International Group news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

American International Group Price Performance

Shares of American International Group stock opened at $82.88 on Friday. The stock has a 50 day moving average price of $74.51 and a 200-day moving average price of $74.79. American International Group, Inc. has a one year low of $69.00 and a one year high of $83.00. The stock has a market cap of $49.17 billion, a price-to-earnings ratio of -39.84, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate 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%. Equities analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.93%. American International Group’s payout ratio 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.