CANADA LIFE ASSURANCE Co Acquires 63,194 Shares of American International Group, Inc. (NYSE:AIG)

CANADA LIFE ASSURANCE Co lifted its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 926,085 shares of the insurance provider's stock after buying an additional 63,194 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.15% of American International Group worth $67,388,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AIG. Duncker Streett & Co. Inc. purchased a new position in shares of American International Group in the 4th quarter valued at approximately $25,000. Asset Planning Inc purchased a new stake in American International Group during the fourth quarter worth $26,000. BankPlus Trust Department acquired a new stake in American International Group in the 4th quarter valued at about $36,000. Whipplewood Advisors LLC purchased a new stake in shares of American International Group in the fourth quarter valued at $40,000. Finally, Fortitude Family Office LLC grew its holdings in shares of American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after buying an additional 210 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Insider Transactions at American International Group

In other news, Director John G. Rice bought 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was 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 of the company's stock, valued at $770,000. This trade 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 Stock Performance

AIG traded down $0.34 on Wednesday, hitting $81.30. 1,249,641 shares of the stock traded hands, compared to its average volume of 4,454,138. The business has a fifty day moving average price of $81.23 and a two-hundred day moving average price of $77.05. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The firm has a market capitalization of $48.41 billion, a PE ratio of -39.09, a P/E/G ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last posted 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 positive return on equity of 8.01% and a negative net margin of 4.25%. On average, research analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. American International Group's dividend payout ratio is currently -76.92%.

Analysts Set New Price Targets

AIG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of American International Group from $98.00 to $94.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Jefferies Financial Group lifted their price target on shares of American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $91.00 price target (up from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Wells Fargo & Company reduced their target price on American International Group from $82.00 to $81.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Finally, Evercore ISI boosted their price target on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.65.

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.