CHURCHILL MANAGEMENT Corp Acquires 6,090 Shares of American International Group, Inc. (NYSE:AIG)

CHURCHILL MANAGEMENT Corp lifted its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 169,291 shares of the insurance provider's stock after buying an additional 6,090 shares during the period. CHURCHILL MANAGEMENT Corp's holdings in American International Group were worth $12,324,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider's stock worth $1,831,727,000 after purchasing an additional 6,119,996 shares during the period. Prana Capital Management LP increased its holdings in American International Group by 280.5% in the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider's stock valued at $138,264,000 after buying an additional 1,391,859 shares during the period. Diamond Hill Capital Management Inc. raised its stake in shares of American International Group by 5.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider's stock valued at $1,002,163,000 after buying an additional 722,237 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of American International Group by 83.6% during the 2nd quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider's stock worth $97,825,000 after acquiring an additional 597,765 shares during the period. Finally, Barclays PLC boosted its position in shares of American International Group by 24.7% during the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider's stock valued at $201,286,000 after acquiring an additional 544,110 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

Shares of AIG stock traded up $1.55 during trading hours on Thursday, reaching $74.62. 4,627,417 shares of the company were exchanged, compared to its average volume of 4,386,562. American International Group, Inc. has a fifty-two week low of $66.06 and a fifty-two week high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The stock's fifty day moving average is $73.94 and its two-hundred day moving average is $74.67. The company has a market cap of $46.54 billion, a price-to-earnings ratio of -22.01, a P/E/G ratio of 5.51 and a beta of 1.06.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter in the prior year, the business earned $1.61 EPS. Sell-side analysts forecast that American International Group, Inc. will post 4.91 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.14%. American International Group's payout ratio is -47.20%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AIG. Wells Fargo & Company increased their price target on shares of American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Royal Bank of Canada reissued an "outperform" rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. StockNews.com upgraded American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Jefferies Financial Group upped their price target on American International Group from $82.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Finally, Bank of America lifted their price objective on American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, American International Group presently has a consensus rating of "Hold" and a consensus price target of $84.13.

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.