LPL Financial LLC Boosts Stock Holdings in American International Group, Inc. (NYSE:AIG)

LPL Financial LLC grew its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 26.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 336,331 shares of the insurance provider's stock after buying an additional 69,753 shares during the period. LPL Financial LLC owned 0.05% of American International Group worth $24,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC purchased a new position in shares of American International Group during the 3rd quarter valued at approximately $291,000. Captrust Financial Advisors grew its position in shares of American International Group by 5.8% during the 3rd quarter. Captrust Financial Advisors now owns 44,908 shares of the insurance provider's stock valued at $3,289,000 after acquiring an additional 2,469 shares during the period. Edgestream Partners L.P. acquired a new position in American International Group in the 3rd quarter worth about $295,000. True Wealth Design LLC acquired a new position in shares of American International Group during the 3rd quarter worth approximately $29,000. Finally, Paradigm Capital Management LLC NV purchased a new position in shares of American International Group during the 3rd quarter valued at approximately $659,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Down 5.3 %

American International Group stock traded down $4.57 during trading on Friday, reaching $81.63. The stock had a trading volume of 575,830 shares, compared to its average volume of 4,375,403. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The business has a 50 day moving average price of $79.49 and a 200 day moving average price of $76.30. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a market cap of $48.43 billion, a PE ratio of -39.30, a P/E/G ratio of 1.01 and a beta of 0.63.

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American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 EPS for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.96%. American International Group's payout ratio is currently -76.92%.

Insider Activity at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price 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 $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on AIG. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target on the stock in a research note on Wednesday, March 5th. Morgan Stanley boosted their price target on shares of American International Group from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Friday. UBS Group cut their price objective on shares of American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Barclays lifted their price objective on American International Group from $90.00 to $98.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.12.

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.