American International Group, Inc. (NYSE:AIG) Shares Bought by Stifel Financial Corp

Stifel Financial Corp boosted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 707,090 shares of the insurance provider's stock after purchasing an additional 52,448 shares during the period. Stifel Financial Corp owned approximately 0.11% of American International Group worth $51,476,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Barclays PLC raised its stake in American International Group by 24.7% in the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider's stock worth $201,286,000 after acquiring an additional 544,110 shares during the last quarter. Advisory Resource Group raised its stake in shares of American International Group by 5.3% in the third quarter. Advisory Resource Group now owns 58,996 shares of the insurance provider's stock worth $4,320,000 after purchasing an additional 2,951 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of American International Group during the third quarter worth about $2,880,000. Wilmington Savings Fund Society FSB purchased a new stake in American International Group in the third quarter valued at approximately $1,005,000. Finally, Synovus Financial Corp boosted its position in American International Group by 6.5% in the third quarter. Synovus Financial Corp now owns 42,684 shares of the insurance provider's stock valued at $3,126,000 after buying an additional 2,603 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AIG. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Jefferies Financial Group upped their price target on shares of American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, April 11th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $91.00 price objective (up previously from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Barclays lowered their target price on American International Group from $98.00 to $92.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, BMO Capital Markets lifted 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. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and a consensus target price of $87.65.

American International Group Stock Up 2.9 %

AIG stock opened at $81.67 on Wednesday. The stock has a market capitalization of $48.63 billion, a P/E ratio of -39.26, a P/E/G ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The firm has a 50-day simple moving average of $81.23 and a 200-day simple moving average of $77.05. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS 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 analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's payout ratio is -76.92%.

Insider Activity

In other news, Director John G. Rice bought 10,000 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.61% of the company's stock.

American International Group Company 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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