American International Group, Inc. (NYSE:AIG) Shares Purchased by DRW Securities LLC

DRW Securities LLC boosted its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 88,644 shares of the insurance provider's stock after buying an additional 9,605 shares during the quarter. DRW Securities LLC's holdings in American International Group were worth $6,453,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AIG. Benjamin Edwards Inc. purchased a new stake in shares of American International Group during the third quarter worth approximately $293,000. HighTower Advisors LLC increased its position in shares of American International Group by 25.8% during the third quarter. HighTower Advisors LLC now owns 92,879 shares of the insurance provider's stock valued at $6,807,000 after acquiring an additional 19,074 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of American International Group by 61.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 7,173 shares of the insurance provider's stock valued at $525,000 after acquiring an additional 2,739 shares during the period. MML Investors Services LLC lifted its holdings in shares of American International Group by 1.5% in the 3rd quarter. MML Investors Services LLC now owns 62,083 shares of the insurance provider's stock worth $4,546,000 after acquiring an additional 902 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of American International Group by 3.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 323,885 shares of the insurance provider's stock worth $23,718,000 after purchasing an additional 10,768 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insiders Place Their Bets

In related news, Director John G. Rice acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was purchased 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 of the company's stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on AIG. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $91.00 target price (up from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Jefferies Financial Group boosted their target price on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday. Morgan Stanley increased their price target on American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, April 4th. BMO Capital Markets upped their target price on shares of American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research note on Thursday, March 13th. Finally, The Goldman Sachs Group lifted their price target 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. 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 company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.65.

American International Group Stock Performance

Shares of NYSE AIG traded up $1.33 during mid-day trading on Monday, hitting $83.30. 611,614 shares of the company were exchanged, compared to its average volume of 4,446,056. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market cap of $49.60 billion, a price-to-earnings ratio of -40.05, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The stock has a 50 day simple moving average of $80.41 and a 200-day simple moving average of $76.69. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07.

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 (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%. On average, sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.40 per share. 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 1.92%. 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.