30,677 Shares in American International Group Inc (AIG) Purchased by Sterneck Capital Management LLC
Sterneck Capital Management LLC acquired a new position in American International Group Inc (NYSE:AIG) in the fourth quarter, HoldingsChannel reports. The firm acquired 30,677 shares of the insurance provider’s stock, valued at approximately $1,828,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of AIG. Janus Henderson Group PLC boosted its holdings in shares of American International Group by 152.6% in the 2nd quarter. Janus Henderson Group PLC now owns 343,736 shares of the insurance provider’s stock worth $21,492,000 after purchasing an additional 207,647 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of American International Group by 52.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 74,403 shares of the insurance provider’s stock worth $4,652,000 after purchasing an additional 25,541 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of American International Group in the 2nd quarter worth about $566,000. Auxier Asset Management purchased a new position in shares of American International Group in the 2nd quarter worth about $3,273,000. Finally, WINTON GROUP Ltd purchased a new position in shares of American International Group in the 2nd quarter worth about $826,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.
A number of equities research analysts have recently weighed in on AIG shares. Wells Fargo & Co reissued a “buy” rating on shares of American International Group in a research note on Tuesday, January 2nd. Zacks Investment Research lowered American International Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. B. Riley reissued a “neutral” rating on shares of American International Group in a research note on Monday, November 6th. Bank of America raised American International Group from a “neutral” rating to a “buy” rating and lowered their target price for the company from $59.40 to $58.28 in a research note on Friday. Finally, Barclays lowered their target price on American International Group from $74.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. American International Group currently has an average rating of “Hold” and a consensus price target of $66.87.
American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.18). American International Group had a negative net margin of 5.07% and a positive return on equity of 3.02%. During the same period in the prior year, the business posted ($2.96) EPS. equities research analysts forecast that American International Group Inc will post 5.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, March 14th. American International Group’s payout ratio is -18.63%.
American International Group Company Profile
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
Want to see what other hedge funds are holding AIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American International Group Inc (NYSE:AIG).
Receive News & Ratings for American International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group and related companies with MarketBeat.com's FREE daily email newsletter.