American International Group, Inc. (NYSE:AIG) is Townsend & Associates Inc's 7th Largest Position

Townsend & Associates Inc increased its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 473,857 shares of the insurance provider's stock after purchasing an additional 8,110 shares during the period. American International Group makes up approximately 3.7% of Townsend & Associates Inc's portfolio, making the stock its 7th largest position. Townsend & Associates Inc owned about 0.08% of American International Group worth $35,620,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AIG. Asset Planning Inc acquired a new stake in shares of American International Group in the fourth quarter valued at about $26,000. True Wealth Design LLC purchased a new position in American International Group in the third quarter valued at about $29,000. Fortitude Family Office LLC lifted its position 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 acquiring an additional 210 shares during the period. Continuum Advisory LLC boosted its stake in shares of American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock worth $42,000 after acquiring an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of American International Group in the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AIG. Wells Fargo & Company lifted their price objective 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 lifted their price target on American International Group from $75.00 to $76.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $87.00 to $90.00 and gave the company an "outperform" rating in a research note on Friday, February 14th. Royal Bank of Canada restated an "outperform" rating and set a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. reduced their price target on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $83.94.

American International Group Trading Down 1.1 %

American International Group stock traded down $0.88 during trading on Wednesday, hitting $78.14. The company's stock had a trading volume of 3,660,524 shares, compared to its average volume of 4,145,117. The stock's fifty day moving average is $73.97 and its 200 day moving average is $74.63. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $80.83. The stock has a market capitalization of $46.36 billion, a price-to-earnings ratio of -37.57, a P/E/G ratio of 1.01 and a beta of 1.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

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

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.05%. American International Group's dividend payout ratio (DPR) is presently -76.92%.

Insider Activity

In other news, Director John G. Rice bought 10,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was acquired 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 of the company's stock, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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.