May Hill Capital LLC Acquires Shares of 3,045 American International Group, Inc. (NYSE:AIG)

May Hill Capital LLC bought a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,045 shares of the insurance provider's stock, valued at approximately $222,000.

Several other hedge funds also recently made changes to their positions in AIG. Wellington Management Group LLP lifted its stake in American International Group by 7.2% during the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after purchasing an additional 1,791,964 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of American International Group by 3.4% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock worth $1,029,905,000 after purchasing an additional 461,912 shares during the period. Franklin Resources Inc. lifted its position in shares of American International Group by 14.0% in the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after buying an additional 1,284,354 shares during the last quarter. Norges Bank acquired a new position in shares of American International Group in the 4th quarter valued at about $718,013,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of American International Group by 3.9% in the 4th quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider's stock valued at $677,825,000 after buying an additional 347,982 shares during the period. Institutional investors and hedge funds own 90.60% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AIG shares. BMO Capital Markets increased their price objective 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. Barclays increased their price target on American International Group from $90.00 to $98.00 and gave the stock an "overweight" rating in a research report on Wednesday. Morgan Stanley boosted their price objective on American International Group from $75.00 to $76.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods upped their price objective on American International Group from $90.00 to $98.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their target price on American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a research note on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $86.76.

American International Group Price Performance

Shares of NYSE AIG traded down $1.49 during mid-day trading on Thursday, reaching $86.23. 6,290,462 shares of the company traded hands, compared to its average volume of 4,390,137. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The firm has a market cap of $51.16 billion, a PE ratio of -41.46, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The stock has a fifty day simple moving average of $79.49 and a 200-day simple moving average of $76.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

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 negative net margin of 4.25% and a positive return on equity of 8.01%. Equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.86%. American International Group's dividend payout ratio (DPR) is -76.92%.

Insider Transactions at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares of the company's stock, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.

About American International Group

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.