American International Group, Inc. (NYSE:AIG) Shares Acquired by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors increased its holdings in American International Group, Inc. by 301.9% during the first quarter, now owning 13,555 shares valued at approximately $1.18 million.
• Institutional investors and hedge funds dominate ownership of AIG, holding 90.60% of the company's stock, with various major firms recently increasing their stakes in the insurer.
• Analysts have boosted target prices for AIG to as high as $97.00, with a consensus rating of "Moderate Buy" and an average price target of $88.19.

Arkadios Wealth Advisors lifted its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 301.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,555 shares of the insurance provider's stock after purchasing an additional 10,182 shares during the period. Arkadios Wealth Advisors' holdings in American International Group were worth $1,179,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Capital Research Global Investors grew its stake in shares of American International Group by 1.4% during the fourth quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock valued at $2,540,050,000 after acquiring an additional 482,724 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in American International Group by 20.4% in the first quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider's stock valued at $974,840,000 after purchasing an additional 1,901,998 shares during the last quarter. Northern Trust Corp grew its stake in American International Group by 16.9% during the 4th quarter. Northern Trust Corp now owns 7,258,648 shares of the insurance provider's stock valued at $528,430,000 after purchasing an additional 1,050,228 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in American International Group by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,915,405 shares of the insurance provider's stock worth $503,437,000 after purchasing an additional 143,046 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of American International Group by 12.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,813,138 shares of the insurance provider's stock valued at $350,396,000 after purchasing an additional 519,715 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

NYSE:AIG traded up $1.27 during midday trading on Monday, reaching $78.27. 4,757,871 shares of the company traded hands, compared to its average volume of 4,305,770. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The firm has a market capitalization of $45.11 billion, a price-to-earnings ratio of -29.42, a price-to-earnings-growth ratio of 0.85 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64. The company has a fifty day moving average price of $82.94 and a 200 day moving average price of $81.14.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.89 billion. During the same quarter in the previous year, the firm posted $1.25 EPS. On average, analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AIG. Barclays upped their target price on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. William Blair raised American International Group to a "strong-buy" rating in a research report on Friday. Wells Fargo & Company upped their target price on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods upped their target price on American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $91.00 price target (up from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, American International Group has an average rating of "Moderate Buy" and a consensus target price of $88.33.

American International Group Company 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.