Ayrshire Capital Management LLC Has $5.63 Million Holdings in American International Group, Inc. (NYSE:AIG)

Ayrshire Capital Management LLC grew its position in shares of American International Group, Inc. (NYSE:AIG – Get Rating) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 89,002 shares of the insurance provider’s stock after acquiring an additional 1,205 shares during the quarter. American International Group comprises approximately 3.9% of Ayrshire Capital Management LLC’s holdings, making the stock its 5th largest holding. Ayrshire Capital Management LLC’s holdings in American International Group were worth $5,628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AIG. Accurate Wealth Management LLC bought a new position in shares of American International Group during the 4th quarter valued at approximately $25,000. Chilton Capital Management LLC bought a new position in shares of American International Group during the 2nd quarter valued at approximately $26,000. Vigilant Capital Management LLC boosted its position in shares of American International Group by 262.3% during the 3rd quarter. Vigilant Capital Management LLC now owns 576 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 417 shares during the last quarter. Guardian Wealth Advisors LLC bought a new position in shares of American International Group during the 3rd quarter valued at approximately $34,000. Finally, Wagner Wealth Management LLC bought a new stake in American International Group in the second quarter worth $36,000. 89.01% of the stock is currently owned by institutional investors.

American International Group Stock Performance

Shares of American International Group stock opened at $47.24 on Friday. The firm has a market cap of $34.83 billion, a P/E ratio of 3.70, a P/E/G ratio of 0.81 and a beta of 1.15. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.65. American International Group, Inc. has a 12 month low of $46.77 and a 12 month high of $65.73. The stock’s fifty day moving average price is $60.09 and its 200-day moving average price is $58.12.

American International Group (NYSE:AIG – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The insurance provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.19 by $0.17. The firm had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.84 billion. American International Group had a return on equity of 7.70% and a net margin of 18.21%. During the same quarter last year, the firm posted $1.58 earnings per share. On average, equities research analysts expect that American International Group, Inc. will post 6.22 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.71%. American International Group’s dividend payout ratio is currently 10.02%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AIG. StockNews.com began coverage on American International Group in a research report on Thursday. They issued a “hold” rating for the company. JPMorgan Chase & Co. began coverage on American International Group in a research report on Wednesday, November 30th. They issued a “neutral” rating for the company. BMO Capital Markets began coverage on American International Group in a research report on Thursday, January 19th. They issued a “market perform” rating and a $64.00 price target for the company. Royal Bank of Canada raised their price target on American International Group from $68.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 14th. Finally, Atlantic Securities downgraded American International Group from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $70.00 to $65.00 in a research report on Wednesday, February 22nd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $65.08.

American International Group Profile

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American International Group, Inc engages in the provision of a range of property casualty insurance, life insurance, retirement products, and other financial services to commercial and individual customers. It operates through the following segments: General Insurance, Life and Retirement and Other Operations.