MGO One Seven LLC Has $679,000 Stock Holdings in American International Group, Inc. (NYSE:AIG)

MGO One Seven LLC grew its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 61.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,331 shares of the insurance provider's stock after purchasing an additional 3,560 shares during the quarter. MGO One Seven LLC's holdings in American International Group were worth $679,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Duncker Streett & Co. Inc. acquired a new stake in American International Group in the 4th quarter valued at about $25,000. Asset Planning Inc bought a new position in American International Group in the 4th quarter worth approximately $26,000. BankPlus Trust Department bought a new position in American International Group in the 4th quarter worth approximately $36,000. Whipplewood Advisors LLC bought a new position in American International Group in the 4th quarter valued at $40,000. Finally, Fortitude Family Office LLC boosted its position in American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock valued at $41,000 after buying an additional 210 shares during the last quarter. Institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

AIG traded up $2.13 on Friday, reaching $82.97. The company had a trading volume of 2,599,566 shares, compared to its average volume of 4,463,893. The stock has a market cap of $49.41 billion, a P/E ratio of -39.94, a P/E/G ratio of 1.01 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The company's fifty day moving average is $82.04 and its 200 day moving average is $77.32.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. During the same quarter last year, the company earned $1.25 earnings per share. As a group, analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. American International Group's payout ratio is -76.92%.

Insider Transactions at American International Group

In other news, Director John G. Rice bought 10,000 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares of the company's stock, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays upped their price target on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday. Keefe, Bruyette & Woods reduced their target price on shares of American International Group from $98.00 to $94.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Evercore ISI increased their price objective on shares of American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of American International Group to $91.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $87.71.

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.