Y.D. More Investments Ltd Buys 409 Shares of American International Group, Inc. (NYSE:AIG)

Y.D. More Investments Ltd boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 108.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 785 shares of the insurance provider’s stock after acquiring an additional 409 shares during the period. Y.D. More Investments Ltd’s holdings in American International Group were worth $57,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Atlanta Consulting Group Advisors LLC purchased 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 valued at $19,965,000 after acquiring an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. lifted its position in shares of American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after acquiring an additional 3,490 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of American International Group in the fourth quarter worth about $1,260,000. Finally, Williams & Novak LLC purchased a new stake in shares of American International Group during the fourth quarter worth about $279,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

NYSE AIG opened at $73.37 on Thursday. The company has a market cap of $45.77 billion, a P/E ratio of -21.64, a P/E/G ratio of 5.80 and a beta of 1.05. The business’s 50 day moving average price is $73.61 and its 200-day moving average price is $74.51. American International Group, Inc. has a fifty-two week low of $67.96 and a fifty-two week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The business had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. Sell-side analysts predict that American International Group, Inc. will post 4.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on AIG. Royal Bank of Canada restated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Bank of America upped their target price on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Finally, Evercore ISI reduced their target price on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $84.13.

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.