Brighton Jones LLC Takes $1.09 Million Position in American International Group, Inc. (NYSE:AIG)

Brighton Jones LLC bought a new stake in American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,980 shares of the insurance provider’s stock, valued at approximately $1,091,000.

Several other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP grew its position in American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after acquiring an additional 6,119,996 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in shares of American International Group by 5.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after purchasing an additional 722,237 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of American International Group by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock worth $713,272,000 after purchasing an additional 457,821 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of American International Group by 0.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock worth $543,091,000 after purchasing an additional 59,180 shares during the last quarter. Finally, Barclays PLC raised its holdings in American International Group by 24.7% in the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock valued at $201,286,000 after buying an additional 544,110 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Trading Down 1.2 %

Shares of NYSE:AIG opened at $73.71 on Friday. American International Group, Inc. has a 52 week low of $67.53 and a 52 week high of $80.83. The company’s 50 day moving average is $73.84 and its two-hundred day moving average is $74.67. The company has a market cap of $45.98 billion, a PE ratio of -21.74, a P/E/G ratio of 5.89 and a beta of 1.06. 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 posted its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the company posted $1.61 earnings per share. Equities analysts predict 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 was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.17%. The ex-dividend date was Monday, December 16th. American International Group’s payout ratio is -47.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AIG shares. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods dropped their target price on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. UBS Group raised their price target on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company increased their target price on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, American International Group has an average rating of “Hold” and a consensus target price of $84.13.

About American International Group

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.