4,000 Shares in American International Group, Inc. (NYSE:AIG) Bought by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC acquired a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,000 shares of the insurance provider's stock, valued at approximately $291,000.

A number of other large investors also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its stake in American International Group by 14.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,899 shares of the insurance provider's stock worth $215,000 after acquiring an additional 376 shares during the period. 1832 Asset Management L.P. raised its position in shares of American International Group by 17.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 39,083 shares of the insurance provider's stock worth $2,902,000 after purchasing an additional 5,681 shares during the period. Marshall Wace LLP lifted its holdings in shares of American International Group by 2,493.5% in the 2nd quarter. Marshall Wace LLP now owns 349,341 shares of the insurance provider's stock worth $25,935,000 after purchasing an additional 335,871 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in American International Group by 53.5% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 129,101 shares of the insurance provider's stock valued at $9,584,000 after purchasing an additional 45,018 shares during the period. Finally, Caxton Associates LP bought a new position in American International Group during the 2nd quarter worth $2,225,000. Institutional investors own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AIG. StockNews.com raised shares of American International Group from a "sell" rating to a "hold" rating in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their target price on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 3rd. BMO Capital Markets lowered shares of American International Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods reduced their price objective on American International Group from $88.00 to $87.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company raised their target price on American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $84.13.

American International Group Trading Down 1.2 %

Shares of NYSE AIG traded down $0.89 during mid-day trading on Friday, hitting $73.71. 3,628,231 shares of the company traded hands, compared to its average volume of 4,135,769. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 1 year low of $67.53 and a 1 year high of $80.83. The stock has a market capitalization of $45.98 billion, a price-to-earnings ratio of -21.74, a PEG ratio of 5.89 and a beta of 1.06. The business has a 50 day moving average of $73.84 and a two-hundred day moving average of $74.67.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The company had revenue of $6.75 billion during the quarter, compared to analysts' expectations of $6.62 billion. During the same period last year, the company posted $1.61 earnings per share. On average, sell-side analysts anticipate that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Monday, December 16th. American International Group's payout ratio is -47.20%.

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.