Hennion & Walsh Asset Management Inc. Grows Stock Holdings in American International Group, Inc. (NYSE:AIG)

Hennion & Walsh Asset Management Inc. grew its holdings in shares of American International Group, Inc. (NYSE:AIG) by 91.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,050 shares of the insurance provider’s stock after purchasing an additional 14,794 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in American International Group were worth $2,260,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in shares of American International Group by 32.4% during the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after purchasing an additional 6,119,996 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of American International Group by 5.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after acquiring an additional 722,237 shares in the last quarter. Franklin Resources Inc. increased its position in shares of American International Group by 5.3% during the third quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock valued at $713,272,000 after acquiring an additional 457,821 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of American International Group by 0.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock valued at $543,091,000 after acquiring an additional 59,180 shares in the last quarter. Finally, Barclays PLC increased its position in shares of American International Group by 24.7% during the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock valued at $201,286,000 after acquiring an additional 544,110 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Trading Up 0.6 %

Shares of AIG stock opened at $75.06 on Friday. American International Group, Inc. has a 1 year low of $66.06 and a 1 year high of $80.83. The firm has a fifty day moving average price of $73.90 and a 200-day moving average price of $74.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $46.82 billion, a price-to-earnings ratio of -22.14, a PEG ratio of 5.51 and a beta of 1.06.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. As a group, equities analysts predict that American International Group, Inc. will post 4.91 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is -47.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday. Keefe, Bruyette & Woods reduced their price target on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. cut their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $84.13.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.