American International Group (NYSE:AIG) Sets New 1-Year High - Time to Buy?

American International Group, Inc. (NYSE:AIG - Get Free Report)'s share price reached a new 52-week high on Friday . The company traded as high as $81.29 and last traded at $81.52, with a volume of 460107 shares. The stock had previously closed at $79.69.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Morgan Stanley raised 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. UBS Group reduced their target price on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company raised their price target on American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a report on Tuesday, January 14th. StockNews.com raised American International Group from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $83.94.

American International Group Price Performance

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 stock has a market cap of $47.33 billion, a P/E ratio of -38.29, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. The firm has a 50-day moving average price of $74.71 and a 200-day moving average price of $74.87.

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

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Monday, March 17th. American International Group's dividend payout ratio (DPR) is presently -76.92%.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.61% of the company's stock.

Hedge Funds Weigh In On American International Group

A number of hedge funds have recently bought and sold shares of the business. Snowden Capital Advisors LLC grew its stake in shares of American International Group by 1.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider's stock worth $769,000 after acquiring an additional 146 shares during the period. Catalina Capital Group LLC lifted its position in shares of American International Group by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock valued at $222,000 after acquiring an additional 148 shares in the last quarter. EagleClaw Capital Managment LLC boosted its stake in shares of American International Group by 0.5% in the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider's stock worth $2,225,000 after acquiring an additional 150 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its stake in American International Group by 1.8% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider's stock valued at $641,000 after purchasing an additional 152 shares during the period. Finally, Pitcairn Co. lifted its holdings in American International Group by 2.2% in the 4th quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider's stock worth $536,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

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.