American International Group, Inc. (NYSE:AIG) Shares Bought by Mather Group LLC.

Mather Group LLC. raised its stake in shares of American International Group, Inc. (NYSE:AIG) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,572 shares of the insurance provider’s stock after acquiring an additional 477 shares during the period. Mather Group LLC.’s holdings in American International Group were worth $770,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atlanta Consulting Group Advisors LLC acquired a new stake in American International Group in the 3rd quarter valued at approximately $494,000. Artemis Investment Management LLP grew its stake in shares of American International Group by 115.9% in the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after buying an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its stake in shares of American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after buying an additional 3,490 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of American International Group in the 4th quarter valued at $1,260,000. Finally, Williams & Novak LLC acquired a new position in American International Group during the 4th quarter worth about $279,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Down 0.5 %

AIG stock opened at $72.75 on Wednesday. The stock has a market cap of $45.38 billion, a P/E ratio of -21.46, a PEG ratio of 5.80 and a beta of 1.05. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a twelve month low of $67.96 and a twelve month high of $80.83. The company’s 50 day moving average is $73.69 and its two-hundred day moving average is $74.52.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the business earned $1.61 EPS. Research analysts expect that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AIG. JPMorgan Chase & Co. dropped their target price on 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. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods reduced their target price on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. BMO Capital Markets downgraded shares of American International Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $90.00 to $84.00 in a research note on Tuesday, October 15th. Finally, UBS Group upped their price objective on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.