American International Group, Inc. (NYSE:AIG) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp boosted its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 8.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 707,090 shares of the insurance provider's stock after buying an additional 52,448 shares during the quarter. Stifel Financial Corp owned 0.11% of American International Group worth $51,476,000 at the end of the most recent reporting period.

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

American International Group Price Performance

AIG traded up $0.63 during trading on Monday, reaching $81.85. The company's stock had a trading volume of 1,028,771 shares, compared to its average volume of 4,449,962. The company has a market cap of $48.74 billion, a price-to-earnings ratio of -39.32, a PEG ratio of 1.01 and a beta of 0.63. The firm has a fifty day simple moving average of $81.65 and a two-hundred day simple moving average of $77.20. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.95%. The ex-dividend date was Monday, March 17th. American International Group's payout ratio is currently -76.92%.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of American International Group to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Barclays dropped their price target on shares of American International Group from $98.00 to $92.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. UBS Group decreased their price objective on shares of 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. Evercore ISI lifted their price target on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research note on Tuesday, April 1st. Finally, Jefferies Financial Group increased their price target 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 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $87.65.

Insiders Place Their Bets

In other American International Group news, Director John G. Rice purchased 10,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at 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.