Weiss Asset Management LP Invests $1.22 Million in American International Group, Inc. (NYSE:AIG)

Weiss Asset Management LP purchased a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,668 shares of the insurance provider's stock, valued at approximately $1,221,000.

Several other hedge funds have also modified their holdings of AIG. OFI Invest Asset Management grew its position in American International Group by 2,208.3% during the second quarter. OFI Invest Asset Management now owns 10,249 shares of the insurance provider's stock worth $710,000 after buying an additional 9,805 shares during the period. Atlanta Consulting Group Advisors LLC acquired a new position in American International Group during the third quarter worth $494,000. Victory Capital Management Inc. boosted its position in American International Group by 6.1% during the second quarter. Victory Capital Management Inc. now owns 939,494 shares of the insurance provider's stock worth $69,748,000 after purchasing an additional 54,419 shares in the last quarter. Intech Investment Management LLC grew its holdings in American International Group by 15.8% in the third quarter. Intech Investment Management LLC now owns 95,531 shares of the insurance provider's stock valued at $6,996,000 after purchasing an additional 13,028 shares during the last quarter. Finally, CWM LLC increased its position in shares of American International Group by 52.0% in the third quarter. CWM LLC now owns 19,739 shares of the insurance provider's stock valued at $1,445,000 after buying an additional 6,750 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AIG has been the subject of several recent research reports. Barclays initiated coverage on shares of American International Group in a report on Wednesday, September 4th. They set an "overweight" rating and a $90.00 target price for the company. Jefferies Financial Group boosted their price target on American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. UBS Group lifted their price objective on American International Group from $84.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Finally, BMO Capital Markets lowered shares of American International Group from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, American International Group currently has an average rating of "Moderate Buy" and an average price target of $84.80.

American International Group Trading Down 2.0 %

Shares of AIG stock traded down $1.48 on Monday, reaching $74.08. 4,950,483 shares of the stock were exchanged, compared to its average volume of 4,102,196. American International Group, Inc. has a 1-year low of $65.44 and a 1-year high of $80.83. The stock has a market cap of $46.21 billion, a P/E ratio of -21.85, a price-to-earnings-growth ratio of 7.49 and a beta of 1.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $76.06 and a two-hundred day moving average of $75.32.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The company had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period last year, the business posted $1.61 EPS. On average, research analysts anticipate that American International Group, Inc. will post 5.12 EPS for the current year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.16%. American International Group's dividend payout ratio (DPR) is -47.20%.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by insiders.

American International Group Company 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.