Captrust Financial Advisors Increases Stock Position in American International Group, Inc. (NYSE:AIG)

Captrust Financial Advisors grew its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,033 shares of the insurance provider's stock after buying an additional 5,125 shares during the period. Captrust Financial Advisors' holdings in American International Group were worth $3,642,000 at the end of the most recent reporting period.

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

Insider Activity at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 10,000 shares of the company's stock, valued at $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the sale, the executive vice president now owns 21,400 shares of the company's stock, valued at approximately $1,781,764. This represents a 68.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

American International Group Price Performance

AIG opened at $82.39 on Friday. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The company has a market cap of $47.48 billion, a price-to-earnings ratio of -39.61, 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. The stock has a fifty day simple moving average of $82.30 and a two-hundred day simple moving average of $77.51.

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

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 2.18%. This is an increase from American International Group's previous quarterly dividend of $0.40. American International Group's dividend payout ratio is presently -67.67%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley lifted their price objective on American International Group from $80.00 to $81.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Wells Fargo & Company boosted their price objective on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of American International Group to $91.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $91.00 price target (up from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Finally, Barclays raised their price target on shares of American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Nine 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.88.

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.

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