CAPROCK Group Inc. purchased a new stake in shares of American International Group Inc (NYSE:AIG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,473 shares of the insurance provider’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. purchased a new stake in American International Group in the 3rd quarter worth approximately $109,000. Chicago Partners Investment Group LLC purchased a new stake in American International Group in the 3rd quarter worth approximately $163,000. Rational Advisors LLC increased its holdings in American International Group by 100.0% in the 3rd 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 in the last quarter. First Capital Advisors Group LLC. purchased a new stake in American International Group in the 3rd quarter worth approximately $200,000. Finally, Linscomb & Williams Inc. purchased a new stake in American International Group in the 2nd quarter worth approximately $204,000. 85.89% of the stock is owned by hedge funds and other institutional investors.

AIG has been the subject of several recent analyst reports. Zacks Investment Research upgraded American International Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Deutsche Bank upgraded American International Group from a “sell” rating to a “hold” rating and upped their price target for the stock from $58.00 to $59.00 in a research note on Wednesday, December 6th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $74.00 price target on shares of American International Group in a research note on Wednesday, December 6th. Wells Fargo & Co restated a “buy” rating on shares of American International Group in a research note on Tuesday, January 2nd. Finally, Bank of America downgraded American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price target for the company. in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. American International Group presently has a consensus rating of “Hold” and a consensus target price of $67.41.

American International Group Inc (NYSE:AIG) opened at $61.55 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $55,312.97, a P/E ratio of 24.51, a PEG ratio of 0.99 and a beta of 1.18. American International Group Inc has a 52-week low of $57.85 and a 52-week high of $67.45.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same quarter in the prior year, the business earned $1.23 earnings per share. sell-side analysts predict that American International Group Inc will post 2.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were given a $0.32 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a yield of 2.08%. American International Group’s dividend payout ratio is presently -51.00%.

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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.

Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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