Mitsubishi UFJ Asset Management Co. Ltd. Has $72.68 Million Holdings in American International Group, Inc. (NYSE:AIG)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 998,168 shares of the insurance provider's stock after buying an additional 52,448 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of American International Group worth $72,677,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AIG. Duncker Streett & Co. Inc. acquired a new stake in shares of American International Group in the fourth quarter valued at about $25,000. Asset Planning Inc acquired a new position in shares of American International Group during the 4th quarter worth approximately $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the 3rd quarter valued at approximately $29,000. BankPlus Trust Department acquired a new stake in shares of American International Group in the 4th quarter valued at approximately $36,000. Finally, Continuum Advisory LLC grew its stake in shares of American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock valued at $42,000 after buying an additional 207 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director John G. Rice purchased 10,000 shares of American International Group 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 purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.61% of the company's stock.

Remove Ads

American International Group Price Performance

Shares of AIG traded up $0.53 during trading hours on Wednesday, hitting $87.34. 1,477,285 shares of the company were exchanged, compared to its average volume of 4,968,973. The company has a market cap of $51.82 billion, a price-to-earnings ratio of -41.97, a P/E/G ratio of 1.01 and a beta of 0.98. The firm's fifty day moving average is $79.00 and its 200 day moving average is $76.15. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $87.75. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 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%. On average, equities analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.83%. American International Group's dividend payout ratio is currently -76.92%.

Analyst Ratings Changes

AIG has been the subject of a number of recent analyst reports. Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft increased their price target on American International Group to $91.00 and gave the company a "buy" rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 14th. Finally, Barclays increased their price objective on shares of American International Group from $90.00 to $98.00 and gave the company an "overweight" rating in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $86.76.

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.