Hennion & Walsh Asset Management Inc. Grows Stock Position in American International Group, Inc. (NYSE:AIG)

Hennion & Walsh Asset Management Inc. grew its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 91.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,050 shares of the insurance provider's stock after buying an additional 14,794 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in American International Group were worth $2,260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Renaissance Technologies LLC purchased a new position in American International Group during the second quarter worth $20,123,000. Meiji Yasuda Asset Management Co Ltd. grew its holdings in American International Group by 9.3% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,184 shares of the insurance provider's stock valued at $830,000 after purchasing an additional 954 shares during the last quarter. Ieq Capital LLC grew its holdings in American International Group by 10.1% during the 2nd quarter. Ieq Capital LLC now owns 27,370 shares of the insurance provider's stock valued at $2,032,000 after purchasing an additional 2,515 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in American International Group by 14.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,899 shares of the insurance provider's stock worth $215,000 after purchasing an additional 376 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in American International Group by 3.9% in the second quarter. Pacer Advisors Inc. now owns 48,520 shares of the insurance provider's stock worth $3,602,000 after purchasing an additional 1,838 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on 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. UBS Group increased their target price on American International Group from $84.00 to $88.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. BMO Capital Markets lowered shares of American International Group from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods reduced their price target on shares of American International Group from $88.00 to $87.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. 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 Stock Up 0.6 %

Shares of NYSE:AIG traded up $0.45 on Friday, reaching $75.06. The company had a trading volume of 4,869,411 shares, compared to its average volume of 3,611,175. The firm has a market capitalization of $46.82 billion, a PE ratio of -22.14, a PEG ratio of 5.51 and a beta of 1.06. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 52-week low of $66.06 and a 52-week high of $80.83. The firm's 50 day simple moving average is $73.89 and its 200-day simple moving average is $74.67.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter in the previous year, the firm earned $1.61 earnings per share. As a group, analysts expect that American International Group, Inc. will post 4.91 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. Investors of record on Monday, December 16th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.13%. American International Group's dividend payout ratio (DPR) is presently -47.20%.

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.