Sanibel Captiva Trust Company Inc. Buys Shares of 2,983 American International Group, Inc. (NYSE:AIG)

Sanibel Captiva Trust Company Inc. purchased a new stake in American International Group, Inc. (NYSE:AIG) during the 4th quarter, Holdings Channel reports. The firm purchased 2,983 shares of the insurance provider’s stock, valued at approximately $217,000.

Other hedge funds also recently made changes to their positions in the company. EagleClaw Capital Managment LLC boosted its stake in shares of American International Group by 0.5% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after buying an additional 150 shares during the period. Independent Advisor Alliance raised its holdings in shares of American International Group by 1.6% during the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock worth $761,000 after acquiring an additional 161 shares in the last quarter. Graypoint LLC boosted its position in American International Group by 2.0% during the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock valued at $635,000 after purchasing an additional 167 shares during the last quarter. Commerce Bank grew its stake in American International Group by 1.0% in the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock valued at $1,262,000 after purchasing an additional 172 shares in the last quarter. Finally, Stablepoint Partners LLC raised its stake in shares of American International Group by 1.0% during the 3rd quarter. Stablepoint Partners LLC now owns 17,149 shares of the insurance provider’s stock worth $1,256,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.6 %

AIG stock opened at $75.06 on Monday. American International Group, Inc. has a twelve month low of $66.06 and a twelve month high of $80.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The company has a market cap of $46.82 billion, a PE ratio of -22.14, a price-to-earnings-growth ratio of 5.51 and a beta of 1.06. The business’s 50-day simple moving average is $73.89 and its 200 day simple moving average is $74.67.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter last year, the firm earned $1.61 EPS. On average, research analysts anticipate that American International Group, Inc. will post 4.91 earnings per share for the current year.

American International Group Dividend Announcement

The firm 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. This represents a $1.60 annualized dividend and a yield of 2.13%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Jefferies Financial Group increased their price objective on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. UBS Group raised their price target on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, American International Group currently has a consensus rating of “Hold” and an average price target 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.