Aspen Investment Management Inc Purchases 246 Shares of American International Group, Inc. (NYSE:AIG)

Aspen Investment Management Inc lifted its position in shares of American International Group, Inc. (NYSE:AIG) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,198 shares of the insurance provider’s stock after purchasing an additional 246 shares during the period. Aspen Investment Management Inc’s holdings in American International Group were worth $378,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Asset Planning Inc acquired a new position in American International Group in the 4th quarter valued at $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group during the third quarter worth $29,000. Continuum Advisory LLC boosted its position in shares of American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 207 shares during the period. Fortitude Family Office LLC grew its stake in shares of American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 210 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in American International Group during the third quarter worth about $46,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Up 1.3 %

AIG stock opened at $76.27 on Friday. The firm has a 50-day moving average price of $73.60 and a 200-day moving average price of $74.44. American International Group, Inc. has a 12 month low of $68.15 and a 12 month high of $80.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $45.25 billion, a P/E ratio of -36.67, a price-to-earnings-growth ratio of 0.98 and a beta of 1.05.

American International Group (NYSE:AIG) last released 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 positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, equities research analysts anticipate that American International Group, Inc. will post 6.32 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is -76.92%.

Insider Activity at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on AIG. Wells Fargo & Company boosted their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. 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 research note on Wednesday, January 8th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. dropped their price objective on 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, UBS Group reduced their target price on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $83.94.

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.