Metis Global Partners LLC Raises Stake in American International Group, Inc. (NYSE:AIG)

Metis Global Partners LLC raised its position in American International Group, Inc. (NYSE:AIG) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,326 shares of the insurance provider’s stock after acquiring an additional 485 shares during the quarter. Metis Global Partners LLC’s holdings in American International Group were worth $1,553,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Asset Planning Inc purchased a new position in American International Group in the fourth quarter worth approximately $26,000. True Wealth Design LLC purchased a new position in American International Group in the third quarter worth approximately $29,000. BankPlus Trust Department purchased a new position in American International Group in the fourth quarter worth approximately $36,000. Whipplewood Advisors LLC purchased a new position in American International Group in the fourth quarter worth approximately $40,000. Finally, Fortitude Family Office LLC lifted its stake in American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of American International Group stock opened at $82.48 on Tuesday. The firm’s fifty day simple moving average is $74.71 and its 200-day simple moving average is $74.87. The stock has a market capitalization of $48.94 billion, a price-to-earnings ratio of -39.65, a PEG ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $83.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

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

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.94%. American International Group’s dividend payout ratio is currently -76.92%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. 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 report on Wednesday, January 8th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. cut their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Morgan Stanley raised their price objective on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, Wells Fargo & Company raised their price objective 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. Nine research 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 stock presently has a consensus rating of “Hold” and a consensus price target of $83.94.

Insider Buying and Selling at American International Group

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 cost of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This 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 currently owned by corporate insiders.

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.