Gladstone Institutional Advisory LLC Buys 523 Shares of American International Group, Inc. (NYSE:AIG)

Gladstone Institutional Advisory LLC boosted its stake in American International Group, Inc. (NYSE:AIG) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,400 shares of the insurance provider’s stock after purchasing an additional 523 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in American International Group were worth $1,267,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AIG. True Wealth Design LLC bought a new stake in American International Group in the third quarter worth $29,000. Fortitude Family Office LLC grew its stake in shares of American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after buying an additional 210 shares in the last quarter. Continuum Advisory LLC increased its holdings in shares of American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after buying an additional 207 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in American International Group during the third quarter worth approximately $46,000. Finally, NBC Securities Inc. raised its holdings in American International Group by 241.6% during the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock valued at $49,000 after buying an additional 476 shares during the period. 90.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AIG shares. JPMorgan Chase & Co. cut 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 report on Friday, January 3rd. Keefe, Bruyette & Woods cut their target price on American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $84.13.

American International Group Price Performance

Shares of AIG stock opened at $76.36 on Friday. The stock’s 50-day moving average is $73.46 and its 200 day moving average is $74.48. American International Group, Inc. has a 1-year low of $68.04 and a 1-year high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $47.63 billion, a P/E ratio of -22.53, a PEG ratio of 5.87 and a beta of 1.05.

American International Group (NYSE:AIG) last announced its earnings results 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 6.19% and a positive return on equity of 8.63%. Research analysts predict that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

American International Group Company 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.