Brighton Jones LLC Makes New Investment in American International Group, Inc. (NYSE:AIG)

Brighton Jones LLC bought a new stake in American International Group, Inc. (NYSE:AIG) in the 4th quarter, Holdings Channel.com reports. The firm bought 14,980 shares of the insurance provider’s stock, valued at approximately $1,091,000.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake 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 valued at $1,831,727,000 after buying an additional 6,119,996 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings 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 acquiring an additional 722,237 shares during the period. Franklin Resources Inc. raised its position in American International Group by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock valued at $713,272,000 after purchasing an additional 457,821 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in 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 period. Finally, Barclays PLC increased its stake in American International Group by 24.7% in the third quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock valued at $201,286,000 after purchasing an additional 544,110 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Down 1.2 %

American International Group stock opened at $73.71 on Friday. American International Group, Inc. has a fifty-two week low of $67.53 and a fifty-two week high of $80.83. The firm has a market capitalization of $45.98 billion, a price-to-earnings ratio of -21.74, a price-to-earnings-growth ratio of 5.89 and a beta of 1.06. The stock’s fifty day moving average is $73.84 and its two-hundred day moving average is $74.67. 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 issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $1.61 EPS. Analysts predict that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AIG. Keefe, Bruyette & Woods decreased 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 research note on Tuesday, November 12th. Evercore ISI lowered their target price on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. cut their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.