63,377 Shares in American International Group, Inc. (NYSE:AIG) Acquired by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC acquired a new stake in American International Group, Inc. (NYSE:AIG) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 63,377 shares of the insurance provider’s stock, valued at approximately $4,614,000. American International Group makes up about 1.6% of Stoneridge Investment Partners LLC’s holdings, making the stock its 17th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in AIG. Empowered Funds LLC increased its position in American International Group by 13.3% in the fourth quarter. Empowered Funds LLC now owns 13,513 shares of the insurance provider’s stock worth $984,000 after purchasing an additional 1,585 shares during the period. Advisory Resource Group grew its position in shares of American International Group by 8.6% during the 4th quarter. Advisory Resource Group now owns 64,047 shares of the insurance provider’s stock worth $4,663,000 after buying an additional 5,051 shares during the period. Wilmington Savings Fund Society FSB raised its stake in shares of American International Group by 2.3% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,035 shares of the insurance provider’s stock worth $1,022,000 after buying an additional 313 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in American International Group by 7.6% in the fourth quarter. Apollon Wealth Management LLC now owns 17,009 shares of the insurance provider’s stock valued at $1,238,000 after buying an additional 1,199 shares during the period. Finally, Cidel Asset Management Inc. lifted its holdings in American International Group by 2.1% in the fourth quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider’s stock valued at $634,000 after buying an additional 179 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Up 0.1 %

NYSE:AIG opened at $74.69 on Friday. The stock has a 50-day simple moving average of $73.44 and a 200 day simple moving average of $74.50. American International Group, Inc. has a 52-week low of $67.96 and a 52-week high of $80.83. The company has a market cap of $46.59 billion, a PE ratio of -22.03, a PEG ratio of 5.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

Analyst Upgrades and Downgrades

Several analysts have commented on AIG shares. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods lowered their price target on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Wells Fargo & Company increased their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Finally, BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, American International Group currently has an average rating of “Hold” and an average 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.