American International Group, Inc. (NYSE:AIG) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 29.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 707,661 shares of the insurance provider's stock after purchasing an additional 160,253 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.11% of American International Group worth $51,518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Artemis Investment Management LLP increased its position in American International Group by 115.9% in the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock worth $19,965,000 after buying an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its position in 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 buying an additional 3,490 shares in the last quarter. Jones Financial Companies Lllp increased its position in American International Group by 54.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock worth $924,000 after buying an additional 4,468 shares in the last quarter. Merit Financial Group LLC purchased a new stake in American International Group in the fourth quarter worth about $1,260,000. Finally, Williams & Novak LLC purchased a new stake in American International Group in the fourth quarter worth about $279,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director John G. Rice bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares of the company's stock, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.61% of the company's stock.

American International Group Price Performance

Shares of AIG stock traded up $0.97 during trading hours on Thursday, reaching $82.62. The company had a trading volume of 984,976 shares, compared to its average volume of 5,033,219. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. 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 fifty day moving average of $81.37 and a 200-day moving average of $77.08. The company has a market capitalization of $49.20 billion, a price-to-earnings ratio of -39.72, a PEG 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 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, equities analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Monday, March 17th. American International Group's payout ratio is -76.92%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AIG. BMO Capital Markets lifted their target price on American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a report on Thursday, March 13th. Hsbc Global Res upgraded American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods decreased their price target 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. Morgan Stanley upped their price objective on shares of 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. Finally, Evercore ISI increased their target price on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research report on Tuesday, April 1st. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $87.65.

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.