Ferguson Wellman Capital Management Inc. Has $53.60 Million Position in American International Group, Inc. $AIG

Ferguson Wellman Capital Management Inc. lifted its position in shares of American International Group, Inc. (NYSE:AIG) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 626,492 shares of the insurance provider’s stock after buying an additional 16,189 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in American International Group were worth $53,596,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Westfuller Advisors LLC acquired a new position in American International Group during the third quarter valued at approximately $26,000. Atlantic Union Bankshares Corp boosted its holdings in shares of American International Group by 7,100.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 355 shares in the last quarter. Eastern Bank increased its stake in shares of American International Group by 2,473.3% in the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of American International Group in the 2nd quarter valued at $32,000. Finally, Motco raised its holdings in shares of American International Group by 950.0% during the 3rd quarter. Motco now owns 420 shares of the insurance provider’s stock worth $33,000 after buying an additional 380 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AIG. HSBC upped their price objective on American International Group from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. TD Cowen boosted their target price on American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Morgan Stanley set a $83.00 target price on shares of American International Group in a report on Monday, March 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. Finally, Jefferies Financial Group upped their price objective on shares of American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, American International Group presently has an average rating of “Hold” and an average target price of $88.17.

American International Group Trading Up 1.4%

Shares of AIG stock opened at $75.40 on Thursday. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $88.07. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The stock has a market cap of $40.46 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.57 and a beta of 0.58. The stock has a 50-day moving average of $76.47 and a 200-day moving average of $78.40.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Thursday, February 12th. The insurance provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.99 billion. American International Group had a return on equity of 9.79% and a net margin of 11.56%.During the same period in the previous year, the firm earned $1.30 earnings per share. On average, equities research 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 declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a $0.45 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. American International Group’s payout ratio is 33.21%.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.