Nomura Asset Management Co. Ltd. Raises Stake in American International Group, Inc. (NYSE:AIG)

Nomura Asset Management Co. Ltd. lifted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 23.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 399,271 shares of the insurance provider's stock after buying an additional 75,386 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.06% of American International Group worth $29,067,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AIG. Duncker Streett & Co. Inc. purchased a new stake in American International Group during the 4th quarter valued at about $25,000. Asset Planning Inc acquired a new stake in shares of American International Group during the fourth quarter worth about $26,000. True Wealth Design LLC purchased a new stake in American International Group in the third quarter valued at approximately $29,000. BankPlus Trust Department acquired a new position in American International Group in the 4th quarter worth approximately $36,000. Finally, Whipplewood Advisors LLC purchased a new position in American International Group during the 4th quarter worth approximately $40,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Price Performance

American International Group stock traded down $1.30 during midday trading on Thursday, reaching $86.42. The company had a trading volume of 1,085,119 shares, compared to its average volume of 4,365,843. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The firm's fifty day simple moving average is $79.26 and its 200-day simple moving average is $76.23. 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 company has a market capitalization of $51.28 billion, a P/E ratio of -41.55, a P/E/G ratio of 1.01 and a beta of 0.98.

Remove Ads

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. As a group, equities analysts anticipate 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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Monday, March 17th. American International Group's payout ratio is -76.92%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. 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. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. UBS Group decreased their price objective 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 target price on the stock in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group boosted their price target on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $86.76.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of the business's stock in a transaction on 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 acquisition, the director now owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.61% of the company's stock.

American International Group Company Profile

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.