Caisse DE Depot ET Placement DU Quebec Grows Stock Holdings in American International Group, Inc. (NYSE:AIG)

Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 2,134.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,426,985 shares of the insurance provider's stock after purchasing an additional 1,363,108 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.23% of American International Group worth $103,885,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

AIG has been the subject of a number of recent research reports. Jefferies Financial Group boosted their price objective on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, April 11th. BMO Capital Markets upped their target price on shares of American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a report on Thursday, March 13th. Morgan Stanley lifted their price objective on shares of American International Group from $80.00 to $81.00 and gave the company an "equal weight" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price target on American International Group to $91.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $91.00 target price (up from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Nine equities 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $87.71.

American International Group Trading Down 0.2 %

American International Group stock traded down $0.16 during mid-day trading on Tuesday, hitting $82.89. The company's stock had a trading volume of 871,067 shares, compared to its average volume of 4,932,362. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The company has a 50 day moving average of $82.23 and a 200-day moving average of $77.38. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The stock has a market cap of $49.36 billion, a PE ratio of -39.85, a P/E/G ratio of 1.01 and a beta of 0.69.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly 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 negative net margin of 4.25% and a positive return on equity of 8.01%. The firm 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 business posted $1.25 earnings per share. On average, research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from American International Group's previous quarterly dividend of $0.40. American International Group's payout ratio is currently -67.67%.

Insider Buying and Selling

In other American International Group news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price 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 approximately $770,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.

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.