Janney Montgomery Scott LLC Has $3.01 Million Stake in American International Group Inc (AIG)

Janney Montgomery Scott LLC lifted its stake in shares of American International Group Inc (NYSE:AIG) by 107.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 76,405 shares of the insurance provider’s stock after buying an additional 39,649 shares during the quarter. Janney Montgomery Scott LLC’s holdings in American International Group were worth $3,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Moody National Bank Trust Division purchased a new stake in American International Group in the 4th quarter valued at about $27,000. Advisors Asset Management Inc. raised its holdings in American International Group by 21,735.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 9,171 shares of the insurance provider’s stock valued at $100,000 after buying an additional 9,129 shares during the period. First Quadrant L P CA purchased a new stake in American International Group in the 4th quarter valued at about $106,000. Zions Bancorporation purchased a new stake in American International Group in the 3rd quarter valued at about $124,000. Finally, Financial Engines Advisors L.L.C. grew its position in American International Group by 350.2% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 2,890 shares of the insurance provider’s stock valued at $154,000 after acquiring an additional 2,248 shares in the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

Several equities analysts have weighed in on AIG shares. Wells Fargo & Co reaffirmed a “buy” rating and issued a $62.00 target price on shares of American International Group in a research report on Monday, October 29th. ValuEngine raised American International Group from a “sell” rating to a “hold” rating in a research report on Thursday, December 20th. Morgan Stanley set a $65.00 target price on American International Group and gave the company a “buy” rating in a research report on Wednesday, October 17th. Credit Suisse Group started coverage on American International Group in a research report on Tuesday, February 5th. They issued a “neutral” rating and a $46.00 target price for the company. Finally, Deutsche Bank raised American International Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $54.85.

NYSE AIG opened at $43.83 on Wednesday. The stock has a market capitalization of $38.77 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 0.83 and a beta of 1.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.26 and a quick ratio of 0.26. American International Group Inc has a 1-year low of $36.16 and a 1-year high of $61.36.

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American International Group Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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