Zurcher Kantonalbank Zurich Cantonalbank Acquires 7,278 Shares of American International Group, Inc. (NYSE:AIG)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 261,750 shares of the insurance provider's stock after acquiring an additional 7,278 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in American International Group were worth $19,055,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Duncker Streett & Co. Inc. acquired a new position in American International Group in the fourth quarter valued at about $25,000. Asset Planning Inc bought a new position in American International Group during the 4th quarter worth approximately $26,000. True Wealth Design LLC acquired a new position in American International Group during the third quarter valued at approximately $29,000. BankPlus Trust Department bought a new stake in American International Group in the fourth quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in American International Group in the fourth quarter worth $40,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Morgan Stanley upped their price objective on shares of American International Group from $75.00 to $76.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Wells Fargo & Company lifted their price objective on American International Group from $76.00 to $77.00 and gave the company an "equal weight" rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods increased their target price on American International Group from $87.00 to $90.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. Finally, Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.38.

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American International Group Trading Down 0.3 %

NYSE AIG opened at $81.66 on Wednesday. The company has a market cap of $48.45 billion, a PE ratio of -39.26, a PEG ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $83.77. The stock has a 50 day moving average of $75.71 and a 200-day moving average of $75.16. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

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 (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%. On average, equities research 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. American International Group's dividend payout ratio is currently -76.92%.

Insider Buying and Selling

In related news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost 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 in the company, valued at $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by insiders.

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.

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