Easterly Investment Partners LLC Grows Stock Position in American International Group, Inc. (NYSE:AIG)

Easterly Investment Partners LLC raised its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,640 shares of the insurance provider's stock after buying an additional 4,063 shares during the period. Easterly Investment Partners LLC's holdings in American International Group were worth $7,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new position in American International Group in the fourth quarter worth approximately $25,000. Asset Planning Inc purchased a new stake in shares of American International Group in the 4th quarter worth $26,000. True Wealth Design LLC bought a new position in shares of American International Group during the 3rd quarter worth $29,000. BankPlus Trust Department purchased a new position in shares of American International Group during the fourth quarter valued at $36,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of American International Group in the fourth quarter valued at about $40,000. 90.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AIG shares. BMO Capital Markets increased 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 report on Thursday, March 13th. UBS Group dropped 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 note on Tuesday, February 18th. Wells Fargo & Company boosted their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods increased their target price on American International Group from $87.00 to $90.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. Finally, HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target for the company in a research report on Wednesday, March 5th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $84.31.

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Insiders Place Their Bets

In other American International Group news, Director John G. Rice purchased 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now 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 filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is currently owned by insiders.

American International Group Stock Up 3.4 %

Shares of AIG traded up $2.88 during mid-day trading on Monday, hitting $86.50. 3,409,837 shares of the company traded hands, compared to its average volume of 4,330,318. The company has a market capitalization of $51.32 billion, a PE ratio of -41.61, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. 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 business has a 50 day moving average of $78.53 and a 200 day moving average of $75.96. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $86.74.

American International Group (NYSE:AIG - Get Free Report) last issued 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 negative net margin of 4.25% and a positive return on equity of 8.01%. Equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.85%. American International Group's dividend payout ratio is currently -76.92%.

American International Group Company 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.