EverSource Wealth Advisors LLC Has $209,000 Stock Position in American International Group, Inc. (NYSE:AIG)

EverSource Wealth Advisors LLC grew its stake in shares of American International Group, Inc. (NYSE:AIG) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,876 shares of the insurance provider’s stock after buying an additional 280 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in American International Group were worth $209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AIG. Wellington Management Group LLP grew its stake in shares of American International Group by 32.4% during the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after buying an additional 6,119,996 shares during the last quarter. Prana Capital Management LP grew its stake in shares of American International Group by 280.5% during the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after buying an additional 1,391,859 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of American International Group during the fourth quarter worth $95,074,000. Swedbank AB grew its stake in shares of American International Group by 70.6% during the fourth quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock worth $154,896,000 after buying an additional 880,625 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its stake in shares of American International Group by 9,790.9% during the fourth quarter. Proficio Capital Partners LLC now owns 690,185 shares of the insurance provider’s stock worth $50,245,000 after buying an additional 683,207 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling

In other news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AIG has been the topic of a number of research reports. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Wednesday, March 5th. Morgan Stanley boosted their price objective 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. JPMorgan Chase & Co. reduced 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 research note on Friday, January 3rd. Finally, UBS Group reduced their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.31.

American International Group Price Performance

Shares of NYSE AIG opened at $83.37 on Monday. The firm’s 50-day moving average price is $76.25 and its 200-day moving average price is $75.30. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $83.77. The firm has a market capitalization of $49.47 billion, a P/E ratio of -40.08, a P/E/G ratio of 1.01 and a beta of 0.98. The company has a current ratio of 0.67, a quick 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 for the quarter, missing the consensus estimate 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%. Equities research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 1.92%. American International Group’s dividend payout ratio is presently -76.92%.

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.