SageView Advisory Group LLC Buys New Position in American International Group, Inc. (NYSE:AIG)

SageView Advisory Group LLC purchased a new position in American International Group, Inc. (NYSE:AIG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,162 shares of the insurance provider's stock, valued at approximately $521,000.

A number of other hedge funds have also added to or reduced their stakes in AIG. Duncker Streett & Co. Inc. bought a new position in American International Group in the fourth quarter worth about $25,000. Asset Planning Inc bought a new position in shares of American International Group in the 4th quarter worth approximately $26,000. BankPlus Trust Department bought a new stake in American International Group during the fourth quarter valued at approximately $36,000. Whipplewood Advisors LLC bought a new position in American International Group in the fourth quarter worth approximately $40,000. Finally, Fortitude Family Office LLC boosted its stake in shares of American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after acquiring an additional 210 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on AIG shares. Jefferies Financial Group raised their target price on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, April 11th. 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. BMO Capital Markets upped their price target on shares of American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research report on Thursday, March 13th. Morgan Stanley lifted their target price on shares of American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, April 4th. Finally, Wells Fargo & Company decreased their price target on American International Group from $82.00 to $81.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $87.65.

Insiders Place Their Bets

In other American International Group news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction that occurred on 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 acquisition, the director now owns 10,000 shares of the company's stock, valued at $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by insiders.

American International Group Trading Up 0.2 %

Shares of NYSE:AIG traded up $0.17 during trading on Friday, reaching $81.14. 4,021,364 shares of the company were exchanged, compared to its average volume of 4,463,094. The business's fifty day simple moving average is $81.07 and its 200-day simple moving average is $76.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The firm has a market capitalization of $48.32 billion, a PE ratio of -39.01, a P/E/G 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 EPS 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, research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.97%. The ex-dividend date was Monday, March 17th. American International Group's dividend payout ratio is presently -76.92%.

American International Group 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.