Balyasny Asset Management L.P. Buys Shares of 1,858,862 American International Group, Inc. (NYSE:AIG)

Balyasny Asset Management L.P. acquired a new position in American International Group, Inc. (NYSE:AIG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,858,862 shares of the insurance provider's stock, valued at approximately $135,325,000. Balyasny Asset Management L.P. owned 0.30% of American International Group at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AIG. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group during the 4th quarter valued at about $25,000. Asset Planning Inc bought a new position in American International Group in the fourth quarter worth approximately $26,000. BankPlus Trust Department purchased a new position in shares of American International Group during the 4th quarter worth $36,000. Whipplewood Advisors LLC bought a new stake in shares of American International Group during the 4th quarter valued at $40,000. Finally, Fortitude Family Office LLC grew its position in shares of American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock valued at $41,000 after acquiring an additional 210 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insider Transactions at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares of the company's stock, valued at approximately $770,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction on Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the transaction, the executive vice president now directly owns 21,400 shares of the company's stock, valued at $1,781,764. The trade was a 68.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

American International Group Price Performance

Shares of NYSE:AIG traded down $0.38 during mid-day trading on Tuesday, reaching $82.67. The stock had a trading volume of 2,482,239 shares, compared to its average volume of 4,442,950. The business's 50 day moving average price is $82.29 and its 200 day moving average price is $77.42. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The company has a market cap of $49.23 billion, a P/E ratio of -39.74, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.89 billion. During the same period in the prior year, the firm earned $1.25 EPS. 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.45 dividend. This is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, June 13th. American International Group's dividend payout ratio (DPR) is presently -67.67%.

Analysts Set New Price Targets

Several research firms recently weighed in on AIG. Hsbc Global Res upgraded American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods cut their price objective on American International Group from $98.00 to $94.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Jefferies Financial Group raised their target price on shares of American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. The Goldman Sachs Group upped their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Finally, BMO Capital Markets raised their price objective on shares of American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research report on Thursday, March 13th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, American International Group has an average rating of "Moderate Buy" and a consensus price target of $87.71.

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.