American International Group, Inc. (NYSE:AIG) Director John G. Rice Purchases 10,000 Shares

American International Group, Inc. (NYSE:AIG - Get Free Report) Director John G. Rice acquired 10,000 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

American International Group Stock Performance

Shares of AIG stock traded up $0.47 during trading hours on Friday, hitting $76.72. 5,936,218 shares of the company were exchanged, compared to its average volume of 3,709,612. The firm has a fifty day simple moving average of $73.68 and a 200 day simple moving average of $74.51. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 52-week low of $68.65 and a 52-week high of $80.83. The stock has a market capitalization of $45.52 billion, a price-to-earnings ratio of -36.88, a P/E/G ratio of 1.00 and a beta of 1.05.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results 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%. Research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. American International Group's payout ratio is currently -76.92%.

Institutional Investors Weigh In On American International Group

Several large investors have recently modified their holdings of the stock. Atlanta Consulting Group Advisors LLC purchased a new position in American International Group in the 3rd quarter valued at approximately $494,000. Artemis Investment Management LLP grew its stake in American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock valued at $19,965,000 after buying an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its stake in American International Group by 5.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock valued at $5,155,000 after buying an additional 3,490 shares in the last quarter. Merit Financial Group LLC purchased a new position in American International Group in the 4th quarter valued at approximately $1,260,000. Finally, Williams & Novak LLC purchased a new position in American International Group in the 4th quarter valued at approximately $279,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AIG. Morgan Stanley increased their price objective on shares of American International Group from $75.00 to $76.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. UBS Group dropped their price target on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday. Wells Fargo & Company raised their price target on shares of 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. Finally, Keefe, Bruyette & Woods raised their price target on shares of American International Group from $87.00 to $90.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $83.94.

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.