3,473 Shares in American International Group Inc (AIG) Acquired by CAPROCK Group Inc.
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 (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%.
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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