TrueMark Investments LLC Makes New $5 Million Investment in American International Group, Inc. $AIG

TrueMark Investments LLC acquired a new stake in American International Group, Inc. (NYSE:AIG) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 63,615 shares of the insurance provider’s stock, valued at approximately $4,996,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eastern Bank raised its holdings in American International Group by 2,473.3% during the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 371 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of American International Group in the 2nd quarter valued at $32,000. GFG Capital LLC purchased a new position in shares of American International Group in the 2nd quarter valued at $33,000. Motco grew its position in shares of American International Group by 950.0% in the 3rd quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after buying an additional 380 shares during the last quarter. Finally, Barrett & Company Inc. acquired a new stake in American International Group during the 2nd quarter worth $35,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AIG shares. Evercore ISI lifted their target price on American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 1st. UBS Group raised their price target on American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Cantor Fitzgerald cut their price target on American International Group from $80.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Royal Bank Of Canada assumed coverage on American International Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 price objective for the company. Finally, Barclays cut their target price on shares of American International Group from $88.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.68.

American International Group Trading Down 0.1%

Shares of AIG stock opened at $72.23 on Friday. The business’s fifty day moving average price is $79.12 and its 200 day moving average price is $79.42. The firm has a market capitalization of $38.97 billion, a PE ratio of 13.13, a P/E/G ratio of 0.75 and a beta of 0.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $88.07.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. American International Group had a return on equity of 9.09% and a net margin of 11.89%.The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the company earned $1.23 earnings per share. As a group, sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, December 16th. American International Group’s dividend payout ratio is presently 32.73%.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.