Baker Tilly Wealth Management LLC Has $550,000 Stock Holdings in American International Group, Inc. (NYSE:AIG)

Baker Tilly Wealth Management LLC lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.2% during the fourth quarter, HoldingsChannel reports. The fund owned 7,560 shares of the insurance provider’s stock after selling 246 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in American International Group were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new position in shares of American International Group in the 3rd quarter worth approximately $26,000. Y.D. More Investments Ltd bought a new position in American International Group during the 2nd quarter worth approximately $27,000. True Wealth Design LLC acquired a new position in shares of American International Group in the 3rd quarter valued at $29,000. Fortitude Family Office LLC raised its position in shares of American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares during the period. Finally, Continuum Advisory LLC lifted its stake in American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after buying an additional 207 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the topic of several analyst reports. BMO Capital Markets lowered American International Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. JPMorgan Chase & Co. lowered their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Keefe, Bruyette & Woods dropped their target price on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Jefferies Financial Group raised their price objective on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Bank of America increased their price target on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $84.06.

American International Group Trading Down 2.0 %

NYSE AIG traded down $1.46 on Friday, reaching $69.97. The company had a trading volume of 1,531,377 shares, compared to its average volume of 3,395,051. The firm has a market cap of $43.65 billion, a price-to-earnings ratio of -20.64, a P/E/G ratio of 7.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. American International Group, Inc. has a fifty-two week low of $66.06 and a fifty-two week high of $80.83. The business has a 50 day moving average of $74.28 and a two-hundred day moving average of $74.76.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. Analysts forecast that American International Group, Inc. will post 5.12 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a $0.40 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.29%. American International Group’s payout ratio is currently -47.20%.

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.