AGP Franklin LLC Makes New Investment in American International Group, Inc. (NYSE:AIG)

AGP Franklin LLC acquired a new stake in American International Group, Inc. (NYSE:AIG - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 29,511 shares of the insurance provider's stock, valued at approximately $2,148,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Artemis Investment Management LLP boosted its holdings in 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 period. Beacon Investment Advisory Services Inc. grew its position in American International Group by 5.2% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock worth $5,155,000 after buying an additional 3,490 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in American International Group by 54.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock valued at $924,000 after acquiring an additional 4,468 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of American International Group during the 4th quarter valued at $1,260,000. Finally, Williams & Novak LLC acquired a new stake in shares of American International Group during the 4th quarter worth $279,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is currently owned by corporate insiders.

American International Group Trading Up 0.2 %

Shares of AIG stock traded up $0.17 during mid-day trading on Friday, hitting $81.14. The company's stock had a trading volume of 4,021,364 shares, compared to its average volume of 4,466,920. The company's fifty day simple moving average is $81.07 and its 200-day simple moving average is $76.96. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The company has a market cap of $48.32 billion, a PE ratio of -39.01, a P/E/G ratio of 1.01 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last announced 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%. As a group, equities research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed 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 of this dividend was Monday, March 17th. American International Group's dividend payout ratio (DPR) is -76.92%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective 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. UBS Group cut their price target 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. Barclays lowered their price objective on shares of American International Group from $98.00 to $92.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price on the stock in a report on Wednesday, March 5th. Finally, 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 research report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $87.65.

About American International Group

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.