Level Four Advisory Services LLC Takes $206,000 Position in American International Group, Inc. (NYSE:AIG)

Level Four Advisory Services LLC purchased a new position in shares of American International Group, Inc. (NYSE:AIG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,824 shares of the insurance provider’s stock, valued at approximately $206,000.

Several other institutional investors have also recently made changes to their positions in AIG. Duncker Streett & Co. Inc. purchased a new stake in American International Group in the fourth quarter valued at $25,000. Asset Planning Inc purchased a new stake in American International Group in the 4th quarter valued at about $26,000. BankPlus Trust Department acquired a new position in American International Group in the fourth quarter valued at about $36,000. Whipplewood Advisors LLC acquired a new position in American International Group in the fourth quarter valued at about $40,000. Finally, Fortitude Family Office LLC boosted its stake in American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AIG shares. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. UBS Group decreased their price target on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company raised their price target on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Wednesday, March 5th. Finally, Morgan Stanley lifted their target price on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

American International Group Price Performance

American International Group stock opened at $86.69 on Wednesday. The stock has a market cap of $51.43 billion, a P/E ratio of -41.68, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The company has a fifty day simple moving average of $79.00 and a 200-day simple moving average of $76.15. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $87.51.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Equities analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.85%. American International Group’s dividend payout ratio is currently -76.92%.

Insiders Place Their Bets

In other news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by corporate insiders.

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.