American International Group (NYSE:AIG) Trading Up 3% - Still a Buy?

American International Group, Inc. (NYSE:AIG - Get Free Report) shot up 3% during trading on Monday . The company traded as high as $86.37 and last traded at $86.12. 971,610 shares were traded during mid-day trading, a decline of 78% from the average session volume of 4,320,846 shares. The stock had previously closed at $83.62.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AIG shares. The Goldman Sachs Group raised their target price on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. BMO Capital Markets lifted their price target on American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research note on Thursday, March 13th. JPMorgan Chase & Co. reduced their price objective on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 3rd. Finally, Morgan Stanley lifted their target price on shares of American International Group from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Friday. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.12.

American International Group Trading Down 8.5 %

The firm has a market cap of $46.77 billion, a P/E ratio of -37.90, a PEG ratio of 1.01 and a beta of 0.63. The company has a 50 day moving average of $79.49 and a 200 day moving average of $76.30. 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 posted its earnings results 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 positive return on equity of 8.01% and a negative net margin of 4.25%. Analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's payout ratio is -76.92%.

Insider Transactions at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the firm's stock in a transaction that occurred 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 owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AIG. Capital Research Global Investors increased its stake in shares of American International Group by 1.4% in the fourth quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock worth $2,540,050,000 after purchasing an additional 482,724 shares during the period. Wellington Management Group LLP increased its position in American International Group by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after buying an additional 1,791,964 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of American International Group by 3.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock valued at $1,029,905,000 after acquiring an additional 461,912 shares during the period. Franklin Resources Inc. grew its stake in shares of American International Group by 14.0% in the fourth quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after acquiring an additional 1,284,354 shares during the last quarter. Finally, Norges Bank acquired a new position in American International Group during the 4th quarter valued at $718,013,000. Institutional investors and hedge funds 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.