AustralianSuper Pty Ltd Has $106.72 Million Holdings in American International Group, Inc. (NYSE:AIG)

AustralianSuper Pty Ltd grew its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 42.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,465,871 shares of the insurance provider's stock after purchasing an additional 437,339 shares during the period. AustralianSuper Pty Ltd owned approximately 0.24% of American International Group worth $106,715,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AIG. CX Institutional boosted its position in shares of American International Group by 3.6% in the third quarter. CX Institutional now owns 5,426 shares of the insurance provider's stock worth $397,000 after purchasing an additional 187 shares during the period. Creative Planning grew its holdings in American International Group by 20.6% during the 3rd quarter. Creative Planning now owns 50,014 shares of the insurance provider's stock valued at $3,663,000 after purchasing an additional 8,556 shares during the last quarter. NBC Securities Inc. increased its stake in American International Group by 241.6% in the third quarter. NBC Securities Inc. now owns 673 shares of the insurance provider's stock worth $49,000 after purchasing an additional 476 shares during the period. Sumitomo Life Insurance Co. boosted its holdings in shares of American International Group by 2.9% in the third quarter. Sumitomo Life Insurance Co. now owns 10,606 shares of the insurance provider's stock valued at $777,000 after purchasing an additional 298 shares during the period. Finally, Vontobel Holding Ltd. increased its position in American International Group by 1.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 61,040 shares of the insurance provider's stock valued at $4,470,000 after purchasing an additional 1,020 shares during the period. 90.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AIG shares. Wells Fargo & Company upped their target price on American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. UBS Group dropped their target price on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday. StockNews.com upgraded American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. dropped their price objective on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $83.94.

Insider Activity at American International Group

In other news, Director John G. Rice bought 10,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now owns 10,000 shares of the company's stock, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

American International Group Trading Down 0.2 %

AIG traded down $0.14 during trading on Wednesday, reaching $75.32. The company had a trading volume of 4,189,944 shares, compared to its average volume of 3,986,123. The firm's 50-day simple moving average is $73.49 and its 200 day simple moving average is $74.42. The company has a market cap of $44.69 billion, a price-to-earnings ratio of -36.21, a PEG ratio of 0.96 and a beta of 1.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a 12-month low of $68.04 and a 12-month high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates 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%. Equities research analysts anticipate that American International Group, Inc. will post 6.33 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.12%. American International Group's dividend payout ratio (DPR) 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.