Valeo Financial Advisors LLC Has $1.09 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Valeo Financial Advisors LLC grew its holdings in American International Group, Inc. (NYSE:AIG) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,026 shares of the insurance provider’s stock after buying an additional 441 shares during the quarter. Valeo Financial Advisors LLC’s holdings in American International Group were worth $1,094,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlanta Consulting Group Advisors LLC acquired a new stake in American International Group in the third quarter worth about $494,000. Artemis Investment Management LLP increased its position in 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 worth $19,965,000 after purchasing an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. increased its position in 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 worth $5,155,000 after purchasing an additional 3,490 shares during the period. Merit Financial Group LLC acquired a new stake in American International Group in the fourth quarter worth about $1,260,000. Finally, Williams & Novak LLC acquired a new stake in American International Group in the fourth quarter worth about $279,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Down 2.8 %

NYSE:AIG opened at $74.27 on Monday. The firm has a market capitalization of $46.33 billion, a price-to-earnings ratio of -21.91, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. American International Group, Inc. has a twelve month low of $68.04 and a twelve month high of $80.83. The stock’s 50 day moving average price is $73.44 and its two-hundred day moving average price is $74.44. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. Equities research analysts expect that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s payout ratio is presently -76.92%.

Analyst Ratings Changes

A number of equities analysts have issued reports on AIG shares. JPMorgan Chase & Co. reduced their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company lifted their price objective on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, American International Group has an average rating of “Hold” and an average target price of $84.06.

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.