Investment Management Corp of Ontario Buys 7,100 Shares of American International Group, Inc. (NYSE:AIG)

Investment Management Corp of Ontario boosted its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 47.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,050 shares of the insurance provider's stock after buying an additional 7,100 shares during the quarter. Investment Management Corp of Ontario's holdings in American International Group were worth $1,615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. raised its stake in shares of American International Group by 5.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider's stock valued at $1,002,163,000 after acquiring an additional 722,237 shares during the last quarter. Bank of Montreal Can increased its holdings in American International Group by 83.6% during the 2nd quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider's stock valued at $97,825,000 after purchasing an additional 597,765 shares during the period. Holocene Advisors LP increased its holdings in American International Group by 23.5% during the 3rd quarter. Holocene Advisors LP now owns 2,554,519 shares of the insurance provider's stock valued at $187,067,000 after purchasing an additional 486,736 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in American International Group by 66.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,104,172 shares of the insurance provider's stock valued at $80,858,000 after purchasing an additional 438,918 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in 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 buying an additional 335,871 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the transaction, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AIG shares. Evercore ISI reduced their target price on American International Group from $79.00 to $78.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised shares of American International Group from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $93.00 to $89.00 in a research report on Thursday, October 10th. Jefferies Financial Group upped their price objective on shares of American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Wells Fargo & Company cut their target price on shares of American International Group from $77.00 to $76.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 6th. Finally, BMO Capital Markets cut shares of American International Group from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and an average price target of $84.80.

American International Group Stock Up 0.2 %

Shares of American International Group stock traded up $0.18 during midday trading on Thursday, hitting $76.14. The company had a trading volume of 4,392,719 shares, compared to its average volume of 4,097,775. The company has a 50 day moving average of $76.00 and a 200 day moving average of $75.41. The stock has a market capitalization of $47.49 billion, a P/E ratio of -22.46, a P/E/G ratio of 7.45 and a beta of 1.05. American International Group, Inc. has a 52-week low of $64.81 and a 52-week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate 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 period last year, the company earned $1.61 earnings per share. On average, equities analysts predict that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.10%. American International Group's dividend payout ratio (DPR) is presently -47.20%.

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.