D. E. Shaw & Co. Inc. Acquires 949,196 Shares of American International Group, Inc. (NYSE:AIG)

D. E. Shaw & Co. Inc. increased its position in American International Group, Inc. (NYSE:AIG - Free Report) by 154.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,564,550 shares of the insurance provider's stock after buying an additional 949,196 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.25% of American International Group worth $113,899,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Duncker Streett & Co. Inc. acquired a new position in American International Group during the fourth quarter valued at $25,000. Asset Planning Inc acquired a new position in American International Group during the fourth quarter valued at $26,000. BankPlus Trust Department acquired a new position in American International Group during the fourth quarter valued at $36,000. Whipplewood Advisors LLC acquired a new position in American International Group during the fourth quarter valued at $40,000. Finally, Fortitude Family Office LLC raised its position 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 buying an additional 210 shares during the period. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Performance

Shares of NYSE:AIG traded up $0.31 during trading on Tuesday, hitting $83.78. 3,285,802 shares of the stock were exchanged, compared to its average volume of 4,451,163. 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 capitalization of $48.28 billion, a price-to-earnings ratio of -40.28, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. The company's fifty day simple moving average is $82.34 and its 200-day simple moving average is $77.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share 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 company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. During the same quarter last year, the firm earned $1.25 EPS. Sell-side analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

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

Insider Buying and Selling

In related news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 21,400 shares in the company, valued at $1,781,764. This trade represents a 68.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John G. Rice acquired 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AIG shares. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price on the stock in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods upped their target price on American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $91.00 target price (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, UBS Group lowered their price objective on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Nine 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. Based on data from MarketBeat.com, the company currently has an average 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.