Daiwa Securities Group Inc. Grows Position in American International Group, Inc. (NYSE:AIG)

Daiwa Securities Group Inc. increased its position in American International Group, Inc. (NYSE:AIG - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,499 shares of the insurance provider's stock after purchasing an additional 6,502 shares during the period. Daiwa Securities Group Inc.'s holdings in American International Group were worth $7,825,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new stake in shares of American International Group during the 4th quarter valued at $25,000. Asset Planning Inc purchased a new position in American International Group during the 4th quarter valued at about $26,000. True Wealth Design LLC bought a new stake in American International Group during the third quarter worth about $29,000. BankPlus Trust Department purchased a new stake in American International Group in the fourth quarter worth about $36,000. Finally, Whipplewood Advisors LLC bought a new position in shares of American International Group during the fourth quarter valued at approximately $40,000. Institutional investors own 90.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AIG. Keefe, Bruyette & Woods boosted their price target on American International Group from $87.00 to $90.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. The Goldman Sachs Group reissued 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. 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, UBS Group cut their price objective on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $84.38.

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American International Group Stock Down 0.3 %

Shares of American International Group stock opened at $81.66 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $83.77. The company has a market cap of $48.45 billion, a price-to-earnings ratio of -39.26, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The company's 50 day moving average is $75.71 and its 200 day moving average is $75.16.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (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%. Research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.96%. American International Group's payout ratio is -76.92%.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.61% of the company's stock.

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.

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