Bank of New York Mellon Corp Acquires 347,982 Shares of American International Group, Inc. (NYSE:AIG)

Bank of New York Mellon Corp boosted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,310,790 shares of the insurance provider's stock after buying an additional 347,982 shares during the period. Bank of New York Mellon Corp owned about 1.49% of American International Group worth $677,825,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AIG. Catalina Capital Group LLC lifted its holdings in shares of American International Group by 5.1% during the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock worth $222,000 after buying an additional 148 shares during the last quarter. EagleClaw Capital Managment LLC raised 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 valued at $2,225,000 after purchasing an additional 150 shares in the last quarter. Independent Advisor Alliance raised its stake in shares of American International Group by 1.6% in the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider's stock valued at $761,000 after purchasing an additional 161 shares in the last quarter. Graypoint LLC raised its stake in shares of American International Group by 2.0% in the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider's stock valued at $635,000 after purchasing an additional 167 shares in the last quarter. Finally, Commerce Bank raised its stake in shares of American International Group by 1.0% in the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider's stock valued at $1,262,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Wall Street Analysts Forecast Growth

AIG has been the subject of a number of recent research reports. Wells Fargo & Company upped their target price on American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 14th. UBS Group cut their target price on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Morgan Stanley upped their target price on American International Group from $75.00 to $76.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. The Goldman Sachs Group reiterated a "neutral" rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $83.94.

Insider Transactions at American International Group

In related news, Director John G. Rice bought 10,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares of the company's stock, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.61% of the company's stock.

American International Group Price Performance

Shares of AIG stock traded up $3.19 during trading hours on Friday, hitting $82.88. 10,010,490 shares of the company's stock were exchanged, compared to its average volume of 4,315,091. The stock's 50-day moving average is $74.51 and its 200-day moving average is $74.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $49.17 billion, a price-to-earnings ratio of -39.84, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $83.00.

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 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%. As a group, research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.93%. American International Group's payout ratio is -76.92%.

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.