American International Group, Inc. (NYSE:AIG) Holdings Increased by Ayrshire Capital Management LLC

Ayrshire Capital Management LLC grew its position in shares of American International Group, Inc. (NYSE:AIG) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,149 shares of the insurance provider’s stock after purchasing an additional 3,173 shares during the quarter. American International Group makes up about 4.2% of Ayrshire Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Ayrshire Capital Management LLC’s holdings in American International Group were worth $8,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Code Waechter LLC acquired a new position in American International Group in the fourth quarter valued at approximately $208,000. Pallas Capital Advisors LLC raised its stake in shares of American International Group by 36.3% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,651 shares of the insurance provider’s stock valued at $339,000 after acquiring an additional 1,238 shares during the period. Miracle Mile Advisors LLC grew its stake in shares of American International Group by 112.5% in the fourth quarter. Miracle Mile Advisors LLC now owns 7,970 shares of the insurance provider’s stock valued at $580,000 after buying an additional 4,220 shares in the last quarter. Wedmont Private Capital lifted its holdings in American International Group by 4.3% during the 4th quarter. Wedmont Private Capital now owns 13,018 shares of the insurance provider’s stock worth $918,000 after buying an additional 538 shares in the last quarter. Finally, Czech National Bank boosted its holdings in American International Group by 3.1% in the fourth quarter. Czech National Bank now owns 135,246 shares of the insurance provider’s stock valued at $9,846,000 after purchasing an additional 4,067 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AIG has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. Evercore ISI cut their target price 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. Wells Fargo & Company lowered their price target on shares of American International Group from $77.00 to $76.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. UBS Group upped their price objective on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $84.06.

American International Group Trading Up 0.5 %

NYSE AIG opened at $70.86 on Tuesday. The company has a market capitalization of $44.20 billion, a PE ratio of -20.90, a price-to-earnings-growth ratio of 7.30 and a beta of 1.06. The firm’s fifty day simple moving average is $74.07 and its 200-day simple moving average is $74.69. 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 $66.06 and a 1-year high of $80.83.

American International Group (NYSE:AIG) last announced its 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 the consensus estimate of $6.62 billion. During the same quarter last year, the firm posted $1.61 EPS. As a group, sell-side analysts anticipate that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.40 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.26%. American International Group’s dividend payout ratio is -47.20%.

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.