American International Group, Inc. (NYSE:AIG) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC raised its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 122.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,731 shares of the insurance provider's stock after acquiring an additional 44,440 shares during the quarter. Ieq Capital LLC's holdings in American International Group were worth $5,877,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Asset Planning Inc purchased a new stake in American International Group during the fourth quarter worth about $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group during the 3rd quarter valued at approximately $29,000. Fortitude Family Office LLC boosted its stake in shares of American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after acquiring an additional 210 shares in the last quarter. Continuum Advisory LLC grew its holdings in shares of American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock worth $42,000 after acquiring an additional 207 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in American International Group in the 3rd quarter valued at approximately $46,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their price target 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. StockNews.com upgraded shares of American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut their price objective on American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Finally, Morgan Stanley increased their target price on American International Group from $75.00 to $76.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $83.94.

Insider Buying and Selling at American International Group

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

American International Group Trading Up 1.3 %

Shares of NYSE AIG traded up $1.03 during midday trading on Tuesday, hitting $79.60. The stock had a trading volume of 2,672,922 shares, compared to its average volume of 4,055,210. The company has a fifty day moving average price of $73.81 and a 200 day moving average price of $74.58. The company has a market capitalization of $47.23 billion, a price-to-earnings ratio of -38.22, a PEG ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $80.83. 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 (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. On average, analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Monday, March 17th. American International Group's dividend payout ratio (DPR) is presently -76.92%.

American International Group Company 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.