UniSuper Management Pty Ltd Buys 10,744 Shares of American International Group, Inc. (NYSE:AIG)

UniSuper Management Pty Ltd raised its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 25.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,176 shares of the insurance provider's stock after acquiring an additional 10,744 shares during the quarter. UniSuper Management Pty Ltd's holdings in American International Group were worth $3,798,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of American International Group by 32.4% during the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider's stock valued at $1,831,727,000 after acquiring an additional 6,119,996 shares during the last quarter. Prana Capital Management LP grew its holdings in shares of American International Group by 280.5% during the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider's stock worth $138,264,000 after buying an additional 1,391,859 shares during the last quarter. Raymond James Financial Inc. acquired a new position in American International Group in the 4th quarter valued at about $95,074,000. Swedbank AB increased its holdings in shares of American International Group by 70.6% in the 4th quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider's stock valued at $154,896,000 after purchasing an additional 880,625 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in American International Group by 9,790.9% during the fourth quarter. Proficio Capital Partners LLC now owns 690,185 shares of the insurance provider's stock worth $50,245,000 after buying an additional 683,207 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AIG shares. UBS Group reduced their price target on shares of American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company boosted their target price on American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 14th. Barclays increased their price objective on shares of American International Group from $90.00 to $98.00 and gave the company an "overweight" rating in a research note on Wednesday. Evercore ISI boosted their price target on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut 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. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $86.76.

Insider Transactions at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares of the company's stock, valued at $770,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.61% of the company's stock.

American International Group Trading Up 0.8 %

American International Group stock traded up $0.73 during midday trading on Wednesday, reaching $87.54. The stock had a trading volume of 1,597,292 shares, compared to its average volume of 4,361,336. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $87.74. 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 firm has a market cap of $51.94 billion, a price-to-earnings ratio of -42.07, a PEG ratio of 1.01 and a beta of 0.98. The firm's fifty day simple moving average is $79.00 and its two-hundred day simple moving average is $76.15.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. Equities analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.83%. American International Group's dividend payout ratio is presently -76.92%.

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.