Treasurer of the State of North Carolina Increases Position in American International Group, Inc. (NYSE:AIG)

Treasurer of the State of North Carolina raised its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 293,073 shares of the insurance provider's stock after buying an additional 5,710 shares during the period. Treasurer of the State of North Carolina's holdings in American International Group were worth $21,336,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Artemis Investment Management LLP raised its position in American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock worth $19,965,000 after purchasing an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. grew its holdings in shares of American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock worth $5,155,000 after purchasing an additional 3,490 shares during the last quarter. Jones Financial Companies Lllp raised its holdings 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 valued at $924,000 after buying an additional 4,468 shares during the last quarter. Merit Financial Group LLC purchased a new stake in American International Group during the 4th quarter valued at $1,260,000. Finally, Williams & Novak LLC bought a new stake in American International Group in the 4th quarter worth $279,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Performance

Shares of AIG stock traded up $0.90 during trading hours on Thursday, reaching $81.87. The company had a trading volume of 1,243,101 shares, compared to its average volume of 4,454,159. 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 one year low of $69.00 and a one year high of $88.07. The firm has a market cap of $48.75 billion, a PE ratio of -39.37, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The business has a fifty day moving average price of $80.85 and a 200-day moving average price of $76.81.

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%. Sell-side analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Monday, March 17th. American International Group's dividend payout ratio (DPR) is -76.92%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Morgan Stanley raised their target price on American International Group from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Friday, April 4th. Evercore ISI raised their price target on American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods reduced 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. Jefferies Financial Group raised their target price on shares of American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of American International Group to $91.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Nine investment 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 MarketBeat.com, American International Group has an average rating of "Moderate Buy" and an average price target of $87.65.

Insider Buying and Selling

In related news, Director John G. Rice acquired 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by insiders.

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.