Allianz SE Invests $7.95 Million in American International Group, Inc. (NYSE:AIG)

Allianz SE purchased a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 109,618 shares of the insurance provider's stock, valued at approximately $7,953,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new stake in American International Group during the 4th quarter valued at about $25,000. Asset Planning Inc bought a new stake in American International Group in the fourth quarter valued at approximately $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group during the third quarter valued at approximately $29,000. BankPlus Trust Department bought a new position in shares of American International Group in the fourth quarter worth approximately $36,000. Finally, Whipplewood Advisors LLC bought a new position in shares of American International Group in the fourth quarter worth approximately $40,000. 90.60% of the stock is currently owned by institutional investors.

Insider Activity at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

AIG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of American International Group to $91.00 and gave the company a "buy" rating in a research report on Wednesday. Evercore ISI increased their target price on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a report on Tuesday. Barclays raised their target price on American International Group from $90.00 to $98.00 and gave the stock an "overweight" rating in a research note on Wednesday. BMO Capital Markets upped their price target on American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research report on Thursday, March 13th. Finally, Wells Fargo & Company lifted their price objective on American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 14th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $86.76.

American International Group Stock Up 1.0 %

NYSE AIG traded up $0.91 during trading hours on Wednesday, reaching $87.72. 2,107,673 shares of the company's stock traded hands, compared to its average volume of 4,363,592. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a 50-day simple moving average of $79.00 and a 200 day simple moving average of $76.15. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.05. The firm has a market cap of $52.05 billion, a PE ratio of -42.17, a PEG ratio of 1.01 and a beta of 0.98.

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

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.82%. American International Group's payout ratio is -76.92%.

About American International Group

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.