American International Group, Inc. (NYSE:AIG) Shares Bought by FIL Ltd

FIL Ltd raised its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 59.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,132 shares of the insurance provider's stock after purchasing an additional 73,989 shares during the period. FIL Ltd's holdings in American International Group were worth $14,424,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AIG. Duncker Streett & Co. Inc. acquired a new position in shares of American International Group during the fourth quarter valued at approximately $25,000. Asset Planning Inc acquired a new stake in American International Group during the 4th quarter worth $26,000. BankPlus Trust Department purchased a new stake in shares of American International Group during the fourth quarter worth $36,000. Continuum Advisory LLC raised its position in shares of American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock valued at $42,000 after buying an additional 207 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in shares of American International Group in the fourth quarter worth about $40,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Insider Activity at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by insiders.

American International Group Stock Performance

Shares of AIG stock traded up $0.59 during mid-day trading on Thursday, hitting $81.56. 1,002,286 shares of the stock were exchanged, compared to its average volume of 4,453,237. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. 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 stock has a market capitalization of $48.57 billion, a price-to-earnings ratio of -39.24, a P/E/G ratio of 1.01 and a beta of 0.63. The stock's fifty day simple moving average is $80.85 and its two-hundred day simple moving average is $76.81.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. On average, analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's dividend payout ratio is currently -76.92%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on American International Group from $98.00 to $94.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley upped their price objective on American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. UBS Group cut their price objective on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Jefferies Financial Group boosted their price target on shares of American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, BMO Capital Markets increased 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 report on Thursday, March 13th. Nine research 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. According to data from MarketBeat.com, American International Group has a consensus rating of "Moderate Buy" and an average target price of $87.65.

American International Group 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.