3,603 Shares in American International Group, Inc. (NYSE:AIG) Bought by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new position in American International Group, Inc. (NYSE:AIG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,603 shares of the insurance provider's stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP increased its holdings in American International Group by 32.4% during the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider's stock valued at $1,831,727,000 after purchasing an additional 6,119,996 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in American International Group by 3.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock worth $1,029,905,000 after purchasing an additional 461,912 shares during the period. Bank of New York Mellon Corp raised its holdings in American International Group by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider's stock worth $677,825,000 after purchasing an additional 347,982 shares during the last quarter. Franklin Resources Inc. lifted its position in American International Group by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider's stock valued at $713,272,000 after purchasing an additional 457,821 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in American International Group by 0.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider's stock valued at $543,091,000 after acquiring an additional 59,180 shares during the last quarter. Institutional investors own 90.60% of the company's stock.

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American International Group Stock Up 0.6 %

Shares of NYSE:AIG traded up $0.49 during mid-day trading on Wednesday, reaching $87.30. 1,283,116 shares of the stock were exchanged, compared to its average volume of 4,963,184. The stock's 50 day simple moving average is $79.00 and its 200-day simple moving average is $76.15. American International Group, Inc. has a one year low of $69.00 and a one year high of $87.75. The company has a market cap of $51.80 billion, a P/E ratio of -42.00, a P/E/G 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.

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 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%. As a group, equities research analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.83%. American International Group's payout ratio is currently -76.92%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AIG. UBS Group cut their price target on 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. Keefe, Bruyette & Woods increased their target price on American International Group from $90.00 to $98.00 and gave the company an "outperform" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on American International Group to $91.00 and gave the stock a "buy" rating in a research report on Wednesday. BMO Capital Markets lifted their price objective 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 increased their target price on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $86.76.

Insiders Place Their Bets

In related news, Director John G. Rice bought 10,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were acquired 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.61% of the company's stock.

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.