Principal Securities Inc. Purchases 5,522 Shares of American International Group, Inc. (NYSE:AIG)

Principal Securities Inc. increased its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 94.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,374 shares of the insurance provider's stock after purchasing an additional 5,522 shares during the period. Principal Securities Inc.'s holdings in American International Group were worth $828,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AIG. Catalina Capital Group LLC lifted its position in shares of American International Group by 5.1% during the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock worth $222,000 after buying an additional 148 shares during the last quarter. EagleClaw Capital Managment LLC lifted its holdings in shares of American International Group by 0.5% in the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider's stock worth $2,225,000 after acquiring an additional 150 shares during the last quarter. Independent Advisor Alliance boosted its stake in shares of American International Group by 1.6% in the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider's stock valued at $761,000 after purchasing an additional 161 shares in the last quarter. Graypoint LLC grew its holdings in shares of American International Group by 2.0% during the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider's stock valued at $635,000 after purchasing an additional 167 shares during the last quarter. Finally, Commerce Bank grew its holdings in shares of American International Group by 1.0% during the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider's stock valued at $1,262,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 90.60% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AIG shares. JPMorgan Chase & Co. cut their target price on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. Morgan Stanley increased their price target on American International Group from $75.00 to $76.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. StockNews.com upgraded American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods increased their target price on American International Group from $87.00 to $90.00 and gave the company an "outperform" rating in a research report on Friday, February 14th. Finally, UBS Group cut their price target on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $83.94.

American International Group Stock Up 2.6 %

Shares of AIG stock traded up $1.98 on Monday, hitting $78.63. The stock had a trading volume of 4,967,905 shares, compared to its average volume of 4,100,111. 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 business has a 50 day moving average of $73.81 and a 200 day moving average of $74.58. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $80.83. The stock has a market cap of $46.65 billion, a price-to-earnings ratio of -37.80, a price-to-earnings-growth ratio of 1.00 and a beta of 1.05.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly 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 positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, analysts expect 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 will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. American International Group's payout ratio is -76.92%.

Insider Transactions at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.61% of the company's stock.

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.