American International Group, Inc. (NYSE:AIG) Holdings Lowered by Benchmark Financial Wealth Advisors LLC

Benchmark Financial Wealth Advisors LLC cut its stake in American International Group, Inc. (NYSE:AIG) by 32.2% in the 4th quarter, HoldingsChannel reports. The fund owned 6,259 shares of the insurance provider’s stock after selling 2,966 shares during the period. Benchmark Financial Wealth Advisors LLC’s holdings in American International Group were worth $456,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in American International Group by 35.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,171 shares of the insurance provider’s stock valued at $3,808,000 after purchasing an additional 13,555 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in shares of American International Group by 108.8% in the fourth quarter. Y.D. More Investments Ltd now owns 785 shares of the insurance provider’s stock valued at $57,000 after buying an additional 409 shares during the period. Mather Group LLC. boosted its stake in American International Group by 4.7% during the fourth quarter. Mather Group LLC. now owns 10,572 shares of the insurance provider’s stock valued at $770,000 after buying an additional 477 shares in the last quarter. Longboard Asset Management LP acquired a new position in American International Group during the fourth quarter worth about $217,000. Finally, Catalina Capital Group LLC raised its position in American International Group by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock worth $222,000 after acquiring an additional 148 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

AIG opened at $73.37 on Thursday. 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 1 year low of $67.96 and a 1 year high of $80.83. The stock has a fifty day moving average price of $73.61 and a 200 day moving average price of $74.51. The stock has a market cap of $45.77 billion, a price-to-earnings ratio of -21.64, a PEG ratio of 5.80 and a beta of 1.05.

American International Group (NYSE:AIG) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter in the prior year, the company posted $1.61 earnings per share. Analysts forecast that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AIG shares. Wells Fargo & Company lifted their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. BMO Capital Markets cut American International Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Bank of America lifted their price target on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Evercore ISI reduced their price objective on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $84.13.

American International Group Company 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.