Adage Capital Partners GP L.L.C. Purchases 645,800 Shares of American International Group, Inc. (NYSE:AIG)

Adage Capital Partners GP L.L.C. increased its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 354.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 827,838 shares of the insurance provider's stock after buying an additional 645,800 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.13% of American International Group worth $60,267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP increased its position in shares of American International Group by 115.9% during the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock worth $19,965,000 after acquiring an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its stake in American International Group by 5.2% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock valued at $5,155,000 after acquiring an additional 3,490 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in American International Group by 54.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock worth $924,000 after acquiring an additional 4,468 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of American International Group in the 4th quarter valued at about $1,260,000. Finally, Williams & Novak LLC acquired a new position in American International Group in the fourth quarter worth about $279,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insider Activity at American International Group

In related news, Director John G. Rice bought 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company's stock, valued at $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by corporate insiders.

American International Group Stock Performance

Shares of NYSE:AIG traded down $1.24 during trading on Friday, reaching $81.21. The stock had a trading volume of 2,657,550 shares, compared to its average volume of 4,463,402. The stock has a fifty day simple moving average of $81.65 and a two-hundred day simple moving average of $77.20. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The firm has a market capitalization of $48.36 billion, a price-to-earnings ratio of -39.04, a P/E/G ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors 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 annualized dividend and a dividend yield of 1.97%. American International Group's dividend payout ratio is presently -76.92%.

Analysts Set New Price Targets

A number of equities analysts have commented on AIG shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $91.00 price objective (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their price target on shares of American International Group from $98.00 to $94.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. BMO Capital Markets increased their price objective on shares of American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research note on Thursday, March 13th. Morgan Stanley lifted their target price on American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, April 4th. Finally, HSBC upgraded American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target on the stock in a research report on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.65.

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.