Sendero Wealth Management LLC Purchases 1,409 Shares of American International Group, Inc. (NYSE:AIG)

Sendero Wealth Management LLC raised its holdings in shares of American International Group, Inc. (NYSE:AIG) by 4.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 35,869 shares of the insurance provider’s stock after buying an additional 1,409 shares during the period. Sendero Wealth Management LLC’s holdings in American International Group were worth $2,611,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. CHURCHILL MANAGEMENT Corp lifted its position in American International Group by 3.7% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 169,291 shares of the insurance provider’s stock valued at $12,324,000 after acquiring an additional 6,090 shares in the last quarter. Pines Wealth Management LLC bought a new position in shares of American International Group in the fourth quarter valued at approximately $207,000. Ayrshire Capital Management LLC boosted its position in shares of American International Group by 2.7% during the fourth quarter. Ayrshire Capital Management LLC now owns 119,149 shares of the insurance provider’s stock valued at $8,674,000 after buying an additional 3,173 shares during the last quarter. Code Waechter LLC bought a new stake in American International Group during the fourth quarter worth $208,000. Finally, Pallas Capital Advisors LLC raised its position in 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 buying an additional 1,238 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Up 0.8 %

American International Group stock opened at $73.14 on Thursday. The firm has a market capitalization of $45.62 billion, a price-to-earnings ratio of -21.58, a P/E/G ratio of 7.30 and a beta of 1.06. The firm has a 50 day simple moving average of $74.02 and a 200 day simple moving average of $74.68. American International Group, Inc. has a 1-year low of $66.06 and a 1-year high of $80.83. 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 (NYSE:AIG) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the business earned $1.61 earnings per share. On average, analysts predict that American International Group, Inc. will post 5.12 earnings per share for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s dividend payout ratio is presently -47.20%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group upped their target price on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. BMO Capital Markets lowered American International Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Wells Fargo & Company boosted their price objective on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of 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. Finally, Jefferies Financial Group boosted their target price on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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.