Dimensional Fund Advisors LP Purchases 143,046 Shares of American International Group, Inc. (NYSE:AIG)

Dimensional Fund Advisors LP boosted its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,915,405 shares of the insurance provider's stock after buying an additional 143,046 shares during the period. Dimensional Fund Advisors LP owned approximately 1.11% of American International Group worth $503,437,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Artemis Investment Management LLP boosted its position in American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock valued at $19,965,000 after buying an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. grew its stake in American International Group by 5.2% during the 4th 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 during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of American International Group by 54.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock worth $924,000 after purchasing an additional 4,468 shares during the period. Merit Financial Group LLC acquired a new position in American International Group in the fourth quarter valued at approximately $1,260,000. Finally, Williams & Novak LLC acquired a new stake in shares of American International Group in the fourth quarter valued at about $279,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insider Buying and Selling

In other American International Group news, Director John G. Rice acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.61% of the company's stock.

American International Group Stock Performance

NYSE:AIG traded up $0.03 during midday trading on Wednesday, reaching $81.67. 3,086,057 shares of the company traded hands, compared to its average volume of 4,466,998. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The firm has a market capitalization of $48.64 billion, a price-to-earnings ratio of -39.27, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The company has a fifty day moving average price of $81.23 and a 200 day moving average price of $77.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. On average, analysts expect 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. Stockholders of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.96%. American International Group's payout ratio is currently -76.92%.

Analysts Set New Price Targets

Several analysts recently issued reports on AIG shares. HSBC upgraded shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective on the stock in a report on Wednesday, March 5th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $91.00 price objective (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Barclays decreased their price target on American International Group from $98.00 to $92.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. BMO Capital Markets upped their price objective on American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research report on Thursday, March 13th. Finally, UBS Group reduced their target price on 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. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, American International Group has an average rating of "Moderate Buy" and a consensus price target of $87.65.

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.