NewEdge Advisors LLC Purchases 3,960 Shares of American International Group, Inc. (NYSE:AIG)

NewEdge Advisors LLC boosted its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,095 shares of the insurance provider's stock after acquiring an additional 3,960 shares during the quarter. NewEdge Advisors LLC's holdings in American International Group were worth $2,919,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of American International Group by 7.2% in 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 acquiring an additional 1,791,964 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position 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 valued at $1,029,905,000 after buying an additional 461,912 shares during the last quarter. Franklin Resources Inc. lifted its stake 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 buying an additional 1,284,354 shares during the period. Norges Bank bought a new position in American International Group during the fourth quarter valued at about $718,013,000. Finally, Bank of New York Mellon Corp grew its position in American International Group by 3.9% in the fourth 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 acquiring an additional 347,982 shares during the period. 90.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AIG has been the topic of several research analyst reports. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. UBS Group dropped their price target on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective on the stock in a research note on Wednesday, March 5th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $91.00 target price (up from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group lifted their price target on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, American International Group has a consensus rating of "Moderate Buy" and an average target price of $87.65.

Insiders Place Their Bets

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

American International Group Trading Up 0.0 %

Shares of American International Group stock traded up $0.03 during trading on Wednesday, hitting $81.67. 3,086,057 shares of the company were exchanged, compared to its average volume of 4,466,998. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $48.64 billion, a P/E ratio of -39.27, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The firm's fifty day moving average price is $81.37 and its 200 day moving average price is $77.08. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data 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 negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, sell-side analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

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