Proficio Capital Partners LLC Increases Stake in American International Group, Inc. (NYSE:AIG)

Proficio Capital Partners LLC increased its position in American International Group, Inc. (NYSE:AIG) by 35.9% in the 4th quarter, HoldingsChannel reports. The fund owned 9,481 shares of the insurance provider’s stock after purchasing an additional 2,503 shares during the period. Proficio Capital Partners LLC’s holdings in American International Group were worth $690,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new position in American International Group in the 4th quarter worth about $25,000. Asset Planning Inc bought a new position in American International Group in the 4th quarter worth about $26,000. True Wealth Design LLC bought a new position in American International Group in the 3rd quarter worth about $29,000. BankPlus Trust Department bought a new position in American International Group in the 4th quarter worth about $36,000. Finally, Whipplewood Advisors LLC bought a new position in American International Group in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. BMO Capital Markets lifted their price target on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, March 13th. HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Wednesday, March 5th. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, Morgan Stanley lifted their price target on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $84.31.

American International Group Stock Down 0.8 %

Shares of American International Group stock opened at $83.03 on Friday. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $84.99. The firm has a market cap of $49.27 billion, a price-to-earnings ratio of -39.92, a PEG ratio of 1.01 and a beta of 0.98. The company has a 50-day moving average of $77.45 and a 200 day moving average of $75.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG) last posted its quarterly 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 positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.93%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Activity at American International Group

In other news, Director John G. Rice purchased 10,000 shares of the stock in a transaction dated 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. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by insiders.

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.