Envestnet Asset Management Inc. Raises Stock Position in American International Group, Inc. (NYSE:AIG)

Envestnet Asset Management Inc. boosted its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,188,339 shares of the insurance provider's stock after acquiring an additional 33,552 shares during the period. Envestnet Asset Management Inc. owned 0.19% of American International Group worth $86,511,000 at the end of the most recent reporting period.

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

American International Group Stock Up 2.2 %

Shares of NYSE:AIG traded up $1.77 during trading on Monday, hitting $83.74. The company's stock had a trading volume of 390,862 shares, compared to its average volume of 5,122,083. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The business has a 50 day moving average price of $80.41 and a two-hundred day moving average price of $76.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $49.87 billion, a PE ratio of -40.26, a P/E/G ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 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%. As a group, research analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.91%. American International Group's dividend payout ratio (DPR) is -76.92%.

Insider Buying and Selling

In other American International Group news, Director John G. Rice purchased 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on AIG shares. HSBC upgraded shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price on the stock in a report on Wednesday, March 5th. The Goldman Sachs Group increased their price objective on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Morgan Stanley lifted their target price 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. Deutsche Bank Aktiengesellschaft increased their price target on American International Group to $91.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Finally, BMO Capital Markets boosted their price objective on shares of American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a report on Thursday, March 13th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $87.65.

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.