Elo Mutual Pension Insurance Co Has $4.69 Million Stake in American International Group, Inc. (NYSE:AIG)

Elo Mutual Pension Insurance Co decreased its position in American International Group, Inc. (NYSE:AIG - Free Report) by 8.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 64,372 shares of the insurance provider's stock after selling 5,585 shares during the period. Elo Mutual Pension Insurance Co's holdings in American International Group were worth $4,686,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AIG. Duncker Streett & Co. Inc. acquired a new position in American International Group during the fourth quarter worth $25,000. Asset Planning Inc acquired a new position in shares of American International Group during the 4th quarter worth about $26,000. True Wealth Design LLC bought a new position in shares of American International Group in the 3rd quarter valued at about $29,000. BankPlus Trust Department bought a new stake in American International Group during the fourth quarter worth about $36,000. Finally, Continuum Advisory LLC raised its holdings in American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock worth $42,000 after acquiring an additional 207 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Analysts Set New Price Targets

AIG has been the subject of several recent analyst reports. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a report on Wednesday, March 5th. Keefe, Bruyette & Woods lifted their price objective on shares of American International Group from $87.00 to $90.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. UBS Group dropped their target price on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Hsbc Global Res upgraded American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. 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 company's stock. According to MarketBeat.com, American International Group currently has an average rating of "Moderate Buy" and a consensus target price of $85.00.

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American International Group Stock Performance

NYSE:AIG traded up $0.13 during mid-day trading on Tuesday, reaching $87.07. 1,586,812 shares of the company's stock were exchanged, compared to its average volume of 4,344,185. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a one year low of $69.00 and a one year high of $87.51. The business's fifty day simple moving average is $78.77 and its two-hundred day simple moving average is $76.05. The firm has a market capitalization of $51.66 billion, a PE ratio of -41.86, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data 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%. Analysts anticipate that American International Group, Inc. will post 6.24 earnings per share 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. Shareholders of record on Monday, March 17th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's payout ratio is presently -76.92%.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice bought 10,000 shares of the company'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 completion of the acquisition, the director now owns 10,000 shares of the company's stock, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company's stock.

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.