John C. Inglis Purchases 635 Shares of American International Group, Inc. (NYSE:AIG) Stock

American International Group, Inc. (NYSE:AIG - Get Free Report) Director John C. Inglis bought 635 shares of the stock in a transaction on Wednesday, May 22nd. The stock was bought at an average price of $78.53 per share, for a total transaction of $49,866.55. Following the completion of the purchase, the director now directly owns 1,294 shares in the company, valued at approximately $101,617.82. The trade was a 96.36 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

American International Group Price Performance

Shares of AIG stock traded down $7.37 during trading hours on Friday, hitting $78.83. The company's stock had a trading volume of 6,406,160 shares, compared to its average volume of 4,405,168. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $79.60 and a 200-day moving average of $76.36. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The stock has a market cap of $46.77 billion, a price-to-earnings ratio of -37.90, a P/E/G ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts' consensus estimates 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%. As a group, equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

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American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.03%. The ex-dividend date was Monday, March 17th. American International Group's payout ratio is -76.92%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its position in American International Group by 5.8% during the third quarter. Captrust Financial Advisors now owns 44,908 shares of the insurance provider's stock worth $3,289,000 after acquiring an additional 2,469 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of American International Group during the third quarter worth $295,000. Benjamin Edwards Inc. acquired a new position in American International Group in the third quarter valued at $293,000. Hilltop Holdings Inc. acquired a new stake in American International Group in the 3rd quarter worth about $230,000. Finally, HighTower Advisors LLC grew its holdings in American International Group by 25.8% in the 3rd quarter. HighTower Advisors LLC now owns 92,879 shares of the insurance provider's stock valued at $6,807,000 after buying an additional 19,074 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AIG. Evercore ISI lifted their price objective on shares of American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research report on Tuesday, April 1st. BMO Capital Markets boosted their price target on shares of American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research note on Thursday, March 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of American International Group to $91.00 and gave the company a "buy" rating in a research report on Wednesday. Barclays lifted their price objective on American International Group from $90.00 to $98.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $87.12.

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.