Wellington Management Group LLP Grows Stock Position in American International Group, Inc. (NYSE:AIG)

Wellington Management Group LLP lifted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,805,310 shares of the insurance provider's stock after acquiring an additional 1,791,964 shares during the quarter. Wellington Management Group LLP owned 4.52% of American International Group worth $1,951,427,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. CIBC Private Wealth Group LLC lifted its stake in American International Group by 16.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 20,511 shares of the insurance provider's stock worth $1,465,000 after acquiring an additional 2,836 shares during the last quarter. RWA Wealth Partners LLC lifted its position in shares of American International Group by 30.0% during the 4th quarter. RWA Wealth Partners LLC now owns 4,265 shares of the insurance provider's stock worth $310,000 after purchasing an additional 984 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of American International Group by 3.9% during the fourth quarter. Schroder Investment Management Group now owns 321,646 shares of the insurance provider's stock worth $23,335,000 after purchasing an additional 11,951 shares in the last quarter. Allianz SE purchased a new position in American International Group in the fourth quarter valued at $7,953,000. Finally, Allstate Corp acquired a new stake in American International Group in the fourth quarter valued at $1,497,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at American International Group

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective 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. Morgan Stanley increased their price target on shares of American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday. Keefe, Bruyette & Woods raised their price objective on shares of American International Group from $90.00 to $98.00 and gave the stock an "outperform" rating in a report on Tuesday. UBS Group lowered their target price on shares of American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of American International Group to $91.00 and gave the stock a "buy" rating in a research note on Wednesday. Eight 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.12.

American International Group Stock Performance

Shares of NYSE AIG traded down $5.81 during mid-day trading on Friday, hitting $80.39. 1,561,590 shares of the company were exchanged, compared to its average volume of 4,990,976. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market cap of $47.70 billion, a price-to-earnings ratio of -38.65, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The stock has a 50 day simple moving average of $79.49 and a 200-day simple moving average of $76.30. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate 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%. On average, sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.99%. American International Group's dividend payout ratio (DPR) is presently -76.92%.

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.