Todd Asset Management LLC Grows Stock Holdings in American International Group, Inc. (NYSE:AIG)

Todd Asset Management LLC lifted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 318,934 shares of the insurance provider's stock after acquiring an additional 36,039 shares during the quarter. Todd Asset Management LLC owned approximately 0.05% of American International Group worth $23,218,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Planning Inc purchased a new position in American International Group during the fourth quarter valued at approximately $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group in the third quarter worth $29,000. BankPlus Trust Department bought a new stake in shares of American International Group during the 4th quarter valued at $36,000. Fortitude Family Office LLC lifted 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 valued at $41,000 after buying an additional 210 shares in the last quarter. Finally, Continuum Advisory LLC boosted its holdings in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock worth $42,000 after buying an additional 207 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the business's stock in a transaction dated 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.61% of the company's stock.

American International Group Trading Up 4.0 %

Shares of NYSE:AIG traded up $3.19 during trading on Friday, reaching $82.88. The company's stock had a trading volume of 10,010,490 shares, compared to its average volume of 4,315,091. The firm's 50 day simple moving average is $74.30 and its two-hundred day simple moving average is $74.69. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $83.00. The stock has a market capitalization of $49.17 billion, a PE ratio of -39.84, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts' consensus estimates 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 predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.93%. The ex-dividend date is Monday, March 17th. American International Group's payout ratio is -76.92%.

Analyst Ratings Changes

A number of research firms have commented on AIG. Keefe, Bruyette & Woods raised their price target on American International Group from $87.00 to $90.00 and gave the company an "outperform" rating in a report on Friday, February 14th. The Goldman Sachs Group reiterated a "neutral" rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Wells Fargo & Company boosted their price target on American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. Morgan Stanley increased their price objective on shares of American International Group from $75.00 to $76.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, StockNews.com upgraded shares of American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $83.94.

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.