Nisa Investment Advisors LLC Acquires 8,780 Shares of American International Group Inc (AIG)
Nisa Investment Advisors LLC increased its holdings in shares of American International Group Inc (NYSE:AIG) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 307,350 shares of the insurance provider’s stock after acquiring an additional 8,780 shares during the quarter. Nisa Investment Advisors LLC’s holdings in American International Group were worth $18,312,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Pathstone Family Office LLC increased its position in American International Group by 2,557.1% during the second quarter. Pathstone Family Office LLC now owns 1,488 shares of the insurance provider’s stock worth $2,227,000 after acquiring an additional 1,432 shares during the period. Bank of Nova Scotia Trust Co. bought a new position in American International Group during the third quarter worth about $109,000. Chicago Partners Investment Group LLC bought a new position in American International Group during the third quarter worth about $163,000. Rational Advisors LLC increased its position in American International Group by 100.0% during the third quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $184,000 after acquiring an additional 1,500 shares during the period. Finally, First Capital Advisors Group LLC. bought a new position in American International Group during the third quarter worth about $200,000. 85.90% of the stock is currently owned by institutional investors and hedge funds.
AIG has been the topic of a number of recent research reports. UBS Group lowered their price target on shares of American International Group from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 19th. Wells Fargo & Co reaffirmed a “buy” rating and set a $75.00 price target on shares of American International Group in a research report on Sunday, October 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $75.00 price target on shares of American International Group in a research report on Friday, October 6th. Bank of America lowered their price target on shares of American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, October 10th. Finally, ValuEngine lowered shares of American International Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. American International Group currently has a consensus rating of “Hold” and an average price target of $67.41.
American International Group Inc (NYSE AIG) opened at $60.97 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group Inc has a 1-year low of $57.85 and a 1-year high of $67.45. The company has a market cap of $54,810.00, a PE ratio of -24.49, a price-to-earnings-growth ratio of 1.00 and a beta of 1.18.
American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($2.45). The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $1.23 earnings per share. equities research analysts predict that American International Group Inc will post 2.66 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, December 7th. American International Group’s dividend payout ratio (DPR) is presently -51.41%.
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American International Group Profile
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.
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