30,286 Shares in American International Group, Inc. (NYSE:AIG) Purchased by TT Capital Management LLC

TT Capital Management LLC bought a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 30,286 shares of the insurance provider's stock, valued at approximately $2,258,000. American International Group makes up about 1.8% of TT Capital Management LLC's portfolio, making the stock its 13th largest position.

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

Insider Buying and Selling

In other 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 completion of the transaction, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods cut their price target on American International Group from $98.00 to $94.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. 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 research report on Tuesday, April 1st. UBS Group dropped their price target on shares of 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. Finally, HSBC upgraded shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a research note on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $87.65.

American International Group Trading Up 0.2 %

AIG stock traded up $0.17 during trading on Friday, hitting $81.14. 4,021,364 shares of the company traded hands, compared to its average volume of 4,457,911. 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, Inc. has a 1 year low of $69.00 and a 1 year 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. The company has a 50-day moving average of $80.97 and a 200-day moving average of $76.87.

American International Group (NYSE:AIG - Get Free Report) last issued 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%. Analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. American International Group's payout ratio is -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.