Franklin Resources Inc. Buys 1,284,354 Shares of American International Group, Inc. (NYSE:AIG)

Franklin Resources Inc. lifted its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 14.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,446,819 shares of the insurance provider's stock after buying an additional 1,284,354 shares during the quarter. Franklin Resources Inc. owned about 1.67% of American International Group worth $760,528,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Duncker Streett & Co. Inc. acquired a new stake in American International Group in the 4th quarter worth about $25,000. Asset Planning Inc acquired a new position in shares of American International Group during the 4th quarter worth approximately $26,000. True Wealth Design LLC bought a new position in shares of American International Group during the third quarter worth approximately $29,000. BankPlus Trust Department acquired a new stake in shares of American International Group in the fourth quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of American International Group in the fourth quarter valued at approximately $40,000. Institutional investors own 90.60% of the company's stock.

American International Group Stock Down 7.1 %

Shares of AIG stock traded down $6.15 on Friday, reaching $80.05. 1,803,015 shares of the company were exchanged, compared to its average volume of 4,380,069. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The company has a 50-day moving average of $79.49 and a 200-day moving average of $76.30. The company has a market cap of $47.50 billion, a price-to-earnings ratio of -38.48, a PEG ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07.

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American International Group (NYSE:AIG - Get Free Report) last released 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%. Analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 2.00%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's dividend payout ratio is currently -76.92%.

Insider Transactions at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now owns 10,000 shares of the company's stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

AIG has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their price objective on American International Group to $91.00 and gave the stock a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. Keefe, Bruyette & Woods upped their price objective on shares of American International Group from $90.00 to $98.00 and gave the stock an "outperform" rating in a research report on Tuesday. BMO Capital Markets raised their target price 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. Finally, Morgan Stanley boosted their target price on shares of American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $87.12.

About American International Group

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.