American International Group, Inc. (NYSE:AIG) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 68.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,090 shares of the insurance provider's stock after purchasing an additional 17,852 shares during the quarter. Tower Research Capital LLC TRC's holdings in American International Group were worth $3,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of AIG. Artemis Investment Management LLP lifted its position in American International Group by 115.9% in the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock valued at $19,965,000 after acquiring an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its position in shares of American International Group by 5.2% in 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 purchasing an additional 3,490 shares during the period. Jones Financial Companies Lllp grew its stake 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 buying an additional 4,468 shares during the last quarter. Merit Financial Group LLC acquired a new position in American International Group during the fourth quarter worth approximately $1,260,000. Finally, Williams & Novak LLC purchased a new position in shares of American International Group during the fourth quarter worth approximately $279,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AIG shares. Keefe, Bruyette & Woods lowered their price objective on shares of American International Group from $98.00 to $94.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. UBS Group lowered their price target on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company decreased their price objective on American International Group from $82.00 to $81.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft boosted their target price on American International Group to $91.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Finally, Morgan Stanley lifted their price objective on shares of American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, April 4th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $87.65.

Insiders Place Their Bets

In other American International Group news, Director John G. Rice bought 10,000 shares of the business's stock in a transaction dated 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 purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is currently owned by insiders.

American International Group Stock Down 2.2 %

AIG stock opened at $79.35 on Tuesday. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The stock has a market capitalization of $47.25 billion, a P/E ratio of -38.15, a PEG ratio of 1.01 and a beta of 0.63. The company has a 50 day moving average price of $81.12 and a two-hundred day moving average price of $77.01. 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 (NYSE:AIG - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, sell-side analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's dividend payout ratio (DPR) is presently -76.92%.

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.

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