Pinebridge Investments L.P. Takes $6.67 Million Position in American International Group, Inc. (NYSE:AIG)

Pinebridge Investments L.P. acquired a new stake in American International Group, Inc. (NYSE:AIG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 91,563 shares of the insurance provider's stock, valued at approximately $6,666,000.

Other institutional investors have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. bought a new position in shares of American International Group in the 4th quarter worth $25,000. Asset Planning Inc bought a new position in American International Group during the fourth quarter worth about $26,000. BankPlus Trust Department acquired a new position in shares of American International Group during the 4th quarter worth about $36,000. Whipplewood Advisors LLC bought a new stake in shares of American International Group in the 4th quarter valued at about $40,000. Finally, Fortitude Family Office LLC raised its position in shares of American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock valued at $41,000 after acquiring an additional 210 shares during the period. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Up 0.8 %

Shares of American International Group stock traded up $0.68 on Monday, reaching $81.90. 3,055,512 shares of the company were exchanged, compared to its average volume of 4,457,768. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $81.65 and a 200 day moving average of $77.20. The company has a market capitalization of $48.77 billion, a price-to-earnings ratio of -39.37, a PEG ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data 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 positive return on equity of 8.01% and a negative net margin of 4.25%. On average, equities research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.95%. American International Group's payout ratio is -76.92%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AIG. Evercore ISI increased 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 report on Tuesday, April 1st. Barclays reduced their target price on American International Group from $98.00 to $92.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group increased their price target on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on American International Group to $91.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Finally, Morgan Stanley increased their target price on American International Group from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Friday, April 4th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.65.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

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.