Yellowstone Partners LLC Invests $525,000 in American International Group Inc (AIG)
Yellowstone Partners LLC acquired a new stake in shares of American International Group Inc (NYSE:AIG) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,546 shares of the insurance provider’s stock, valued at approximately $525,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. RWC Asset Management LLP grew its position in American International Group by 5.4% during the 3rd quarter. RWC Asset Management LLP now owns 488,065 shares of the insurance provider’s stock worth $29,962,000 after acquiring an additional 24,945 shares during the last quarter. Neuberger Berman Group LLC grew its position in American International Group by 8.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,325,707 shares of the insurance provider’s stock worth $81,385,000 after acquiring an additional 97,953 shares during the last quarter. Janney Montgomery Scott LLC grew its position in American International Group by 2.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 79,400 shares of the insurance provider’s stock worth $4,874,000 after acquiring an additional 2,080 shares during the last quarter. Arbor Wealth Management LLC grew its position in American International Group by 15.9% during the 3rd quarter. Arbor Wealth Management LLC now owns 66,261 shares of the insurance provider’s stock worth $4,072,000 after acquiring an additional 9,074 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in American International Group during the 3rd quarter worth approximately $1,137,000. Institutional investors and hedge funds own 86.10% of the company’s stock.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded American International Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $74.00 price objective on shares of American International Group in a research report on Wednesday, December 6th. Deutsche Bank upgraded American International Group from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $58.00 to $59.00 in a research report on Wednesday, December 6th. Goldman Sachs Group assumed coverage on American International Group in a research report on Monday, December 4th. They issued a “neutral” rating and a $61.00 price objective on the stock. Finally, B. Riley reiterated a “neutral” rating on shares of American International Group in a research report on Monday, November 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. American International Group has a consensus rating of “Hold” and an average price target of $67.70.
Shares of American International Group Inc (NYSE:AIG) opened at $58.97 on Thursday. The firm has a market capitalization of $53,874.64, a P/E ratio of 23.88, a PEG ratio of 1.98 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26. American International Group Inc has a 1 year low of $57.90 and a 1 year high of $67.47.
American International Group (NYSE:AIG) last released its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($2.45). The firm had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.05 billion. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. During the same quarter in the previous year, the business earned $1.23 EPS. equities research analysts anticipate that American International Group Inc will post 2.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Thursday, December 7th. American International Group’s payout ratio is presently -51.00%.
TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/12/14/yellowstone-partners-llc-invests-525000-in-american-international-group-inc-aig.html.
About American International Group
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
Want to see what other hedge funds are holding AIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American International Group Inc (NYSE:AIG).
Receive News & Ratings for American International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group and related companies with MarketBeat.com's FREE daily email newsletter.