Aurora Private Wealth Inc. Invests $983,000 in American International Group, Inc. (NYSE:AIG)

Aurora Private Wealth Inc. bought a new stake in American International Group, Inc. (NYSE:AIG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,307 shares of the insurance provider's stock, valued at approximately $983,000.

Several other institutional investors also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in shares of American International Group during the fourth quarter worth $29,000. NBC Securities Inc. acquired a new stake in shares of American International Group during the first quarter worth $47,000. Colonial Trust Co SC lifted its stake in shares of American International Group by 150.2% during the fourth quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock worth $54,000 after buying an additional 443 shares during the period. True Wealth Design LLC lifted its stake in shares of American International Group by 159.6% during the fourth quarter. True Wealth Design LLC now owns 1,041 shares of the insurance provider's stock worth $76,000 after buying an additional 640 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of American International Group by 359.9% during the first quarter. Versant Capital Management Inc now owns 1,113 shares of the insurance provider's stock worth $97,000 after buying an additional 871 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $83.26, for a total value of $3,845,113.32. Following the transaction, the executive vice president directly owned 21,400 shares in the company, valued at $1,781,764. The trade was a 68.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.61% of the stock is owned by insiders.

American International Group Price Performance

Shares of AIG stock traded down $0.25 on Monday, reaching $82.93. 4,335,115 shares of the company were exchanged, compared to its average volume of 4,379,879. The company has a market cap of $47.80 billion, a price-to-earnings ratio of -31.18, a P/E/G ratio of 0.91 and a beta of 0.63. The business has a 50-day moving average price of $83.77 and a 200 day moving average price of $80.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 0.64. 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 posted its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. The firm 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 7.05% and a positive return on equity of 7.13%. During the same period in the previous year, the business posted $1.25 earnings per share. Equities research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, June 13th. This is a positive change from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.17%. American International Group's payout ratio is presently -67.67%.

Analysts Set New Price Targets

Several research firms have recently commented on AIG. Barclays lifted their price objective on shares of American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Evercore ISI raised their target price on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a report on Tuesday, April 1st. The Goldman Sachs Group raised their target price on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. reissued a "neutral" rating and set a $91.00 target price (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Finally, 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 report on Friday, April 11th. Nine investment 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $88.12.

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.