NEOS Investment Management LLC Has $3.04 Million Position in American International Group, Inc. (NYSE:AIG)

NEOS Investment Management LLC grew its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 31.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,695 shares of the insurance provider's stock after acquiring an additional 9,954 shares during the quarter. NEOS Investment Management LLC's holdings in American International Group were worth $3,035,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Catalina Capital Group LLC lifted its holdings in American International Group by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock valued at $222,000 after acquiring an additional 148 shares during the last quarter. Hilltop National Bank raised its stake in shares of American International Group by 4.7% in the 4th quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider's stock valued at $283,000 after acquiring an additional 175 shares during the period. Cidel Asset Management Inc. raised its stake in shares of American International Group by 2.1% in the 4th quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider's stock valued at $634,000 after acquiring an additional 179 shares during the period. Foster & Motley Inc. boosted its position in shares of American International Group by 0.8% during the 4th quarter. Foster & Motley Inc. now owns 23,552 shares of the insurance provider's stock worth $1,715,000 after purchasing an additional 194 shares during the period. Finally, Continuum Advisory LLC raised its position in 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 purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

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Insider Transactions at American International Group

In other news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AIG shares. HSBC upgraded shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price on the stock in a research note on Wednesday, March 5th. Barclays raised their price objective on shares of American International Group from $90.00 to $98.00 and gave the company an "overweight" rating in a report on Wednesday. The Goldman Sachs Group boosted their target price on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday. Hsbc Global Res upgraded American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods raised their price target on American International Group from $90.00 to $98.00 and gave the stock an "outperform" rating in a research note on Tuesday. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.76.

American International Group Trading Up 0.8 %

Shares of American International Group stock traded up $0.73 during trading hours on Wednesday, hitting $87.54. The company's stock had a trading volume of 1,597,292 shares, compared to its average volume of 4,361,336. 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 company has a market capitalization of $51.94 billion, a PE ratio of -42.07, a P/E/G ratio of 1.01 and a beta of 0.98. The business has a fifty day moving average of $79.00 and a 200 day moving average of $76.15. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $87.74.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 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%. As a group, equities analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently announced 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's payout ratio is -76.92%.

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.