American International Group, Inc. (NYSE:AIG) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC increased its stake in shares of American International Group, Inc. (NYSE:AIG) by 61.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,331 shares of the insurance provider’s stock after purchasing an additional 3,560 shares during the quarter. MGO One Seven LLC’s holdings in American International Group were worth $679,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Artemis Investment Management LLP lifted its holdings in shares of American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after purchasing an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its holdings in shares of American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after acquiring an additional 3,490 shares during the period. Jones Financial Companies Lllp grew its position in shares of American International Group by 54.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock worth $924,000 after acquiring an additional 4,468 shares during the last quarter. Merit Financial Group LLC acquired a new position in shares of American International Group in the 4th quarter valued at $1,260,000. Finally, Williams & Novak LLC purchased a new stake in American International Group in the 4th quarter valued at $279,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Trading Down 1.5 %

Shares of AIG opened at $81.21 on Friday. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $48.36 billion, a P/E ratio of -39.04, a PEG ratio of 1.01 and a beta of 0.63. The firm’s 50-day moving average is $81.65 and its two-hundred day moving average is $77.20.

American International Group (NYSE:AIG) last released its quarterly earnings results 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 positive return on equity of 8.01% and a negative net margin of 4.25%. On average, research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company 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. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Buying and Selling

In other American International Group news, Director John G. Rice bought 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AIG shares. Jefferies Financial Group raised their price objective on shares of American International Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods dropped their price target on American International Group from $98.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Evercore ISI increased their price objective on American International Group from $81.00 to $89.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 1st. Barclays lowered their target price on American International Group from $98.00 to $92.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Finally, HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, American International Group currently has an average rating of “Moderate Buy” and an average price target of $87.65.

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.