Boothbay Fund Management LLC Purchases 6,069 Shares of American International Group, Inc. (NYSE:AIG)

Boothbay Fund Management LLC grew its position in American International Group, Inc. (NYSE:AIG - Free Report) by 89.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,837 shares of the insurance provider's stock after buying an additional 6,069 shares during the period. Boothbay Fund Management LLC's holdings in American International Group were worth $935,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its holdings in shares of American International Group by 1.4% in the fourth quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock worth $2,540,050,000 after acquiring an additional 482,724 shares during the period. Wellington Management Group LLP boosted its position in American International Group by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after purchasing an additional 1,791,964 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of American International Group by 3.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock valued at $1,029,905,000 after purchasing an additional 461,912 shares during the period. Franklin Resources Inc. increased its position in shares of American International Group by 14.0% during the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock valued at $760,528,000 after purchasing an additional 1,284,354 shares during the last quarter. Finally, Norges Bank bought a new position in shares of American International Group in the 4th quarter worth approximately $718,013,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AIG. Wells Fargo & Company reduced their target price on shares of American International Group from $82.00 to $81.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Jefferies Financial Group lifted their target price on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Barclays boosted their price target on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $91.00 price objective (up previously from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Finally, Evercore ISI boosted their price objective 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. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $87.71.

American International Group Price Performance

AIG traded down $0.01 during trading on Monday, hitting $83.65. 545,143 shares of the company traded hands, compared to its average volume of 4,956,248. 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 company has a market cap of $49.81 billion, a PE ratio of -40.27, a P/E/G ratio of 1.01 and a beta of 0.69. The stock's 50-day simple moving average is $82.13 and its two-hundred day simple moving average is $77.35. 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 issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, beating 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 firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.89 billion. During the same quarter last year, the business posted $1.25 earnings per share. As a group, sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given 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 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, June 13th. American International Group's dividend payout ratio is currently -67.67%.

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.