Empirical Asset Management LLC Takes $1.31 Million Position in American International Group, Inc. (NYSE:AIG)

Empirical Asset Management LLC acquired a new position in American International Group, Inc. (NYSE:AIG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,972 shares of the insurance provider's stock, valued at approximately $1,308,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AIG. Atlanta Consulting Group Advisors LLC purchased a new position in shares of American International Group in the 3rd quarter valued at about $494,000. M&T Bank Corp grew its holdings in American International Group by 329.0% in the third quarter. M&T Bank Corp now owns 98,964 shares of the insurance provider's stock valued at $7,247,000 after purchasing an additional 75,894 shares during the period. GAMMA Investing LLC increased its position in shares of American International Group by 9.3% in the fourth quarter. GAMMA Investing LLC now owns 11,118 shares of the insurance provider's stock valued at $809,000 after buying an additional 950 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of American International Group by 15.8% during the 3rd quarter. Intech Investment Management LLC now owns 95,531 shares of the insurance provider's stock worth $6,996,000 after buying an additional 13,028 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of American International Group by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 734,460 shares of the insurance provider's stock valued at $53,785,000 after buying an additional 9,118 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Up 0.6 %

Shares of American International Group stock traded up $0.45 during trading hours on Friday, hitting $75.06. The company had a trading volume of 4,869,411 shares, compared to its average volume of 3,611,175. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The company's 50-day moving average is $73.89 and its two-hundred day moving average is $74.67. The company has a market cap of $46.82 billion, a P/E ratio of -22.14, a price-to-earnings-growth ratio of 5.51 and a beta of 1.06. American International Group, Inc. has a twelve month low of $66.06 and a twelve month high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the firm posted $1.61 earnings per share. Analysts anticipate that American International Group, Inc. will post 4.91 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.40 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. American International Group's dividend payout ratio (DPR) is presently -47.20%.

Analyst Ratings Changes

Several equities research analysts recently commented on AIG shares. Jefferies Financial Group boosted their price target on shares of American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price target on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a research note on Friday, January 3rd. BMO Capital Markets lowered American International Group from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $90.00 to $84.00 in a research note on Tuesday, October 15th. Bank of America raised their target price on American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Finally, UBS Group increased their price objective on American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $84.13.

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.