Kestra Investment Management LLC Makes New Investment in American International Group, Inc. (NYSE:AIG)

Kestra Investment Management LLC bought a new stake in American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,548 shares of the insurance provider’s stock, valued at approximately $113,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Asset Planning Inc bought a new position in American International Group in the fourth quarter valued at approximately $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the 3rd quarter valued at approximately $29,000. Fortitude Family Office LLC increased its holdings in American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after buying an additional 210 shares during the last quarter. Continuum Advisory LLC raised its position in American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in American International Group in the third quarter valued at $46,000. Institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

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

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) 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%. Analysts forecast that American International Group, Inc. will post 6.32 EPS for the current year.

American International Group Announces Dividend

The business also recently announced 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 annualized dividend 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 currently -76.92%.

Insider Buying and Selling

In other news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AIG shares. Royal Bank of Canada restated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Wells Fargo & Company upped their price objective on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price objective on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. UBS Group decreased 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. Finally, StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average 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.