National Bank of Canada FI Acquires 348,631 Shares of American International Group, Inc. (NYSE:AIG)

National Bank of Canada FI boosted its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 70.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 846,049 shares of the insurance provider's stock after purchasing an additional 348,631 shares during the period. National Bank of Canada FI owned about 0.14% of American International Group worth $61,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of American International Group by 14.0% in the fourth quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock valued at $760,528,000 after acquiring an additional 1,284,354 shares during the period. AIA Group Ltd raised its holdings in shares of American International Group by 28.5% during the 4th quarter. AIA Group Ltd now owns 3,845 shares of the insurance provider's stock valued at $280,000 after buying an additional 852 shares in the last quarter. Wellington Management Group LLP lifted its position in American International Group by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after buying an additional 1,791,964 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in American International Group by 16.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 20,511 shares of the insurance provider's stock worth $1,465,000 after buying an additional 2,836 shares in the last quarter. Finally, RWA Wealth Partners LLC grew its position in American International Group by 30.0% during the fourth quarter. RWA Wealth Partners LLC now owns 4,265 shares of the insurance provider's stock valued at $310,000 after acquiring an additional 984 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

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American International Group Price Performance

NYSE:AIG traded down $7.37 during trading hours on Friday, hitting $78.83. 6,406,160 shares of the stock traded hands, compared to its average volume of 4,398,036. The stock has a 50 day moving average price of $79.49 and a 200 day moving average price of $76.30. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The company has a market cap of $46.77 billion, a price-to-earnings ratio of -37.90, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. 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 issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. Sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors 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 annualized dividend and a yield of 2.03%. American International Group's payout ratio is -76.92%.

Insider Transactions at American International Group

In other news, Director John G. Rice purchased 10,000 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AIG. Evercore ISI lifted their target price on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research note on Tuesday. HSBC raised shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target for the company in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price objective on American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, BMO Capital Markets raised their price target on shares of American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research report on Thursday, March 13th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $87.12.

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.