American International Group, Inc. (NYSE:AIG) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 811,188 shares of the insurance provider's stock after buying an additional 19,007 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.13% of American International Group worth $59,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Catalina Capital Group LLC lifted its stake in American International Group by 5.1% during the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock worth $222,000 after purchasing an additional 148 shares during the last quarter. Pitcairn Co. grew its position in shares of American International Group by 2.2% in the 4th quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider's stock valued at $536,000 after buying an additional 158 shares during the last quarter. Hilltop National Bank raised its stake in American International Group by 4.7% during the 4th quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider's stock worth $283,000 after acquiring an additional 175 shares in the last quarter. Cidel Asset Management Inc. lifted its position in American International Group by 2.1% in the fourth quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider's stock valued at $634,000 after acquiring an additional 179 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in American International Group by 11.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider's stock valued at $127,000 after acquiring an additional 179 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John G. Rice purchased 10,000 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was bought 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. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AIG has been the subject of a number of research analyst reports. Evercore ISI upped their target price on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods lowered their price objective on shares of 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. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target on the stock in a report on Wednesday, March 5th. Finally, Wells Fargo & Company reduced their price objective on American International Group from $82.00 to $81.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $87.71.

American International Group Price Performance

Shares of AIG stock traded up $0.22 during midday trading on Monday, reaching $83.88. 606,186 shares of the company traded hands, compared to its average volume of 4,443,895. The firm's 50 day simple moving average is $82.13 and its two-hundred day simple moving average is $77.35. The firm has a market cap of $49.95 billion, a PE ratio of -40.36, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same period in the previous year, the business earned $1.25 earnings per share. On average, equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.45 per share. This is an increase from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.15%. The ex-dividend date is Friday, June 13th. American International Group's dividend payout ratio (DPR) is -67.67%.

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.