Angeles Investment Advisors LLC Purchases Shares of 6,210 American International Group, Inc. (NYSE:AIG)

Angeles Investment Advisors LLC acquired a new stake in shares of American International Group, Inc. (NYSE:AIG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,210 shares of the insurance provider’s stock, valued at approximately $455,000.

Other large investors have also modified their holdings of the company. MQS Management LLC acquired a new position in shares of American International Group in the 3rd quarter valued at $636,000. Aptus Capital Advisors LLC lifted its stake in American International Group by 7.0% during the third quarter. Aptus Capital Advisors LLC now owns 10,457 shares of the insurance provider’s stock valued at $766,000 after buying an additional 680 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of American International Group by 103.3% in the third quarter. GSA Capital Partners LLP now owns 19,210 shares of the insurance provider’s stock worth $1,407,000 after buying an additional 9,759 shares during the period. Waverton Investment Management Ltd increased its position in shares of American International Group by 1.0% in the third quarter. Waverton Investment Management Ltd now owns 553,932 shares of the insurance provider’s stock worth $40,573,000 after acquiring an additional 5,646 shares in the last quarter. Finally, Entropy Technologies LP raised its holdings in shares of American International Group by 119.4% during the third quarter. Entropy Technologies LP now owns 56,288 shares of the insurance provider’s stock valued at $4,122,000 after acquiring an additional 30,632 shares during the period. 90.60% of the stock is owned by institutional investors.

American International Group Price Performance

Shares of AIG stock traded up $0.27 during mid-day trading on Wednesday, reaching $75.13. The company’s stock had a trading volume of 85,340 shares, compared to its average volume of 4,106,316. The firm’s 50-day moving average is $75.10 and its two-hundred day moving average is $75.68. The company has a market cap of $46.86 billion, a P/E ratio of -22.09, a PEG ratio of 7.46 and a beta of 1.05. American International Group, Inc. has a 1-year low of $63.39 and a 1-year high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same quarter in the prior year, the business posted $1.61 earnings per share. On average, research analysts predict that American International Group, Inc. will post 5.13 earnings per share for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is -47.20%.

Insiders Place Their Bets

In other news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the sale, the insider now owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AIG. Jefferies Financial Group lifted their price target on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Bank of America boosted their price objective on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Citigroup dropped their price target on shares of American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Wells Fargo & Company dropped their target price on American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Finally, Barclays started coverage on American International Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price target for the company. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.13.

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.