Norinchukin Bank The Boosts Stock Position in American International Group, Inc. (NYSE:AIG)

Norinchukin Bank The raised its position in American International Group, Inc. (NYSE:AIG) by 9.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 30,059 shares of the insurance provider’s stock after buying an additional 2,614 shares during the period. Norinchukin Bank The’s holdings in American International Group were worth $2,188,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in American International Group during the fourth quarter worth approximately $1,899,000. Capital Research Global Investors lifted its stake in shares of American International Group by 1.4% during the 4th quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider’s stock worth $2,540,050,000 after purchasing an additional 482,724 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of American International Group by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,915,405 shares of the insurance provider’s stock worth $503,437,000 after purchasing an additional 143,046 shares during the last quarter. First Trust Advisors LP grew its position in shares of American International Group by 7.4% in the fourth quarter. First Trust Advisors LP now owns 458,495 shares of the insurance provider’s stock valued at $33,378,000 after purchasing an additional 31,405 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in American International Group by 7.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 926,085 shares of the insurance provider’s stock valued at $67,388,000 after purchasing an additional 63,194 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the stock in a transaction that occurred 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 acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by insiders.

American International Group Stock Performance

Shares of AIG stock opened at $81.14 on Monday. 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 company’s fifty day moving average price is $81.07 and its two-hundred day moving average price is $76.99. The firm has a market capitalization of $48.32 billion, a P/E ratio of -39.01, a P/E/G ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 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, research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share 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. 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 dividend on an annualized basis and a dividend yield of 1.97%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on American International Group to $91.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd. Wells Fargo & Company dropped their price target on shares of American International Group from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. The Goldman Sachs Group lifted their price target on shares of American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Tuesday, April 1st. Jefferies Financial Group upped their price objective on American International Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, April 11th. Finally, UBS Group lowered their price target on 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. Nine investment analysts have rated the stock with a hold rating, nine have given 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 $87.65.

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.