Commerzbank Aktiengesellschaft FI Has $2.54 Million Holdings in American International Group, Inc. (NYSE:AIG)

Commerzbank Aktiengesellschaft FI increased its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,029 shares of the insurance provider's stock after acquiring an additional 3,192 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in American International Group were worth $2,542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in American International Group by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,352,380 shares of the insurance provider's stock worth $316,853,000 after acquiring an additional 36,574 shares during the period. Steward Partners Investment Advisory LLC increased its position in American International Group by 34.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,161 shares of the insurance provider's stock worth $813,000 after acquiring an additional 2,874 shares during the period. Fidelis Capital Partners LLC increased its position in American International Group by 13.6% during the fourth quarter. Fidelis Capital Partners LLC now owns 3,323 shares of the insurance provider's stock worth $243,000 after acquiring an additional 397 shares during the period. SBI Securities Co. Ltd. bought a new position in American International Group during the fourth quarter worth $180,000. Finally, Jones Financial Companies Lllp increased its position in American International Group by 54.3% during the fourth 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 during the period. Institutional investors own 90.60% of the company's stock.

American International Group Price Performance

Shares of NYSE:AIG traded down $2.79 on Tuesday, hitting $79.80. The stock had a trading volume of 8,103,771 shares, compared to its average volume of 4,455,526. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $83.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The firm's 50 day moving average price is $74.85 and its 200-day moving average price is $74.91. The company has a market capitalization of $47.35 billion, a price-to-earnings ratio of -38.37, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05.

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 (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%. On average, equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.01%. American International Group's dividend payout ratio (DPR) is -76.92%.

Insider Buying and Selling

In related news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AIG has been the topic of a number of research reports. StockNews.com raised shares of American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Wells Fargo & Company boosted their price target on shares of American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a report on Tuesday, January 14th. Morgan Stanley boosted their price target on shares of American International Group from $75.00 to $76.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of American International Group from $87.00 to $90.00 and gave the company an "outperform" rating in a report on Friday, February 14th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $83.94.

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.