Quadrant Capital Management LLC lifted its stake in American International Group Inc (NYSE:AIG) by 1.9% in the 4th quarter, HoldingsChannel reports. The fund owned 45,011 shares of the insurance provider’s stock after purchasing an additional 850 shares during the quarter. American International Group comprises 1.9% of Quadrant Capital Management LLC’s investment portfolio, making the stock its 23rd largest position. Quadrant Capital Management LLC’s holdings in American International Group were worth $2,682,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. acquired a new position in American International Group during the 3rd quarter valued at about $109,000. Chicago Partners Investment Group LLC acquired a new position in American International Group during the 3rd quarter valued at about $163,000. Rational Advisors LLC increased its position in American International Group by 100.0% during the 3rd quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock valued at $184,000 after buying an additional 1,500 shares in the last quarter. First Capital Advisors Group LLC. acquired a new position in American International Group during the 3rd quarter valued at about $200,000. Finally, Investment Centers of America Inc. acquired a new position in American International Group during the 3rd quarter valued at about $200,000. 85.73% of the stock is owned by hedge funds and other institutional investors.

Shares of American International Group Inc (AIG) traded up $0.25 on Thursday, hitting $64.17. The stock had a trading volume of 4,120,560 shares, compared to its average volume of 5,350,000. American International Group Inc has a 1 year low of $57.85 and a 1 year high of $67.30. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $57,690.00, a P/E ratio of -25.77, a price-to-earnings-growth ratio of 1.03 and a beta of 1.18.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. The company had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.05 billion. During the same quarter in the previous year, the company earned $1.23 EPS. equities research analysts expect that American International Group Inc will post 2.63 EPS for the current fiscal year.

AIG has been the topic of several recent analyst reports. Wells Fargo & Co reaffirmed a “buy” rating on shares of American International Group in a research report on Tuesday, January 2nd. Zacks Investment Research lowered American International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Bank of America reduced their target price on American International Group from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, October 10th. Morgan Stanley reaffirmed a “buy” rating on shares of American International Group in a research report on Tuesday, October 10th. Finally, B. Riley reaffirmed a “neutral” rating on shares of American International Group in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. American International Group currently has a consensus rating of “Hold” and an average price target of $67.46.

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American International Group Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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