Pinnacle Wealth Planning Services Inc. Has $240,000 Stake in American International Group, Inc. (NYSE:AIG)

Pinnacle Wealth Planning Services Inc. lowered its position in American International Group, Inc. (NYSE:AIG) by 30.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,290 shares of the insurance provider’s stock after selling 1,423 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in American International Group were worth $240,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlanta Consulting Group Advisors LLC acquired a new position in shares of American International Group during the 3rd quarter valued at $494,000. Artemis Investment Management LLP raised its holdings in 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 buying an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its holdings in 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 buying an additional 3,490 shares during the last quarter. Merit Financial Group LLC acquired a new position in American International Group during the fourth quarter worth $1,260,000. Finally, Williams & Novak LLC acquired a new position in American International Group during the fourth quarter worth $279,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Wells Fargo & Company upped their target price on shares of 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. Morgan Stanley upped their target price on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Finally, StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.38.

American International Group Trading Up 0.4 %

American International Group stock opened at $81.58 on Friday. The business has a 50-day simple moving average of $75.35 and a two-hundred day simple moving average of $75.05. The company has a market cap of $48.40 billion, a P/E ratio of -39.22, a P/E/G ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $83.77. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

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

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. American International Group’s dividend payout ratio (DPR) is -76.92%.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.61% of the company’s stock.

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.