First Trust Advisors LP Acquires 31,405 Shares of American International Group, Inc. (NYSE:AIG)

First Trust Advisors LP grew its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 458,495 shares of the insurance provider's stock after acquiring an additional 31,405 shares during the quarter. First Trust Advisors LP owned about 0.07% of American International Group worth $33,378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Artemis Investment Management LLP lifted its position in American International Group by 115.9% during the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock valued at $19,965,000 after purchasing an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. grew its position in American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock worth $5,155,000 after acquiring an additional 3,490 shares in the last quarter. Jones Financial Companies Lllp increased its stake in American International Group by 54.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock valued at $924,000 after acquiring an additional 4,468 shares during the last quarter. Merit Financial Group LLC purchased a new stake in American International Group during the fourth quarter valued at about $1,260,000. Finally, Williams & Novak LLC bought a new stake in American International Group during the fourth quarter worth about $279,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now directly owns 10,000 shares of the company's stock, valued at approximately $770,000. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective on the stock in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of American International Group to $91.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Wells Fargo & Company lowered their price target on shares of American International Group from $82.00 to $81.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Finally, Jefferies Financial Group raised their price objective on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, April 11th. 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $87.65.

American International Group Trading Up 1.0 %

AIG opened at $82.45 on Friday. 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, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The stock has a market cap of $49.10 billion, a PE ratio of -39.64, a PEG ratio of 1.01 and a beta of 0.63. The business has a 50 day moving average of $81.54 and a 200-day moving average of $77.14.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 4.25% and a positive return on equity of 8.01%. Equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Monday, March 17th. American International Group's dividend payout ratio (DPR) is presently -76.92%.

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.

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