Capital Research Global Investors Buys 482,724 Shares of American International Group, Inc. (NYSE:AIG)

Capital Research Global Investors lifted its position in American International Group, Inc. (NYSE:AIG - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,890,814 shares of the insurance provider's stock after buying an additional 482,724 shares during the period. Capital Research Global Investors owned about 5.59% of American International Group worth $2,540,050,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new stake in American International Group during the 4th quarter worth approximately $25,000. Asset Planning Inc bought a new position in American International Group during the 4th quarter worth about $26,000. BankPlus Trust Department bought a new position in American International Group during the 4th quarter worth about $36,000. Whipplewood Advisors LLC acquired a new stake in shares of American International Group in the 4th quarter valued at about $40,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 210 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

Insider Activity

In other American International Group news, Director John G. Rice acquired 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.61% of the company's stock.

American International Group Stock Performance

NYSE:AIG traded up $0.03 during mid-day trading on Wednesday, reaching $81.67. 3,086,053 shares of the company's stock were exchanged, compared to its average volume of 5,086,748. American International Group, Inc. has a one year low of $69.00 and a one year 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 business's fifty day simple moving average is $81.23 and its two-hundred day simple moving average is $77.05. The firm has a market capitalization of $48.64 billion, a PE ratio of -39.27, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last announced 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 anticipate that American International Group, Inc. will post 6.24 earnings per share 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. Shareholders of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.96%. American International Group's dividend payout ratio is presently -76.92%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AIG shares. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $91.00 target price (up previously from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. The Goldman Sachs Group increased their price objective on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price on the stock in a research report on Wednesday, March 5th. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, Barclays lowered their price target on American International Group from $98.00 to $92.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Nine 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.