Alta Advisers Ltd Makes New $261,000 Investment in American International Group, Inc. (NYSE:AIG)

Alta Advisers Ltd bought a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,003 shares of the insurance provider's stock, valued at approximately $261,000.

A number of other institutional investors also recently bought and sold shares of the stock. Capital Research Global Investors raised its stake in 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 buying an additional 482,724 shares in the last quarter. Wellington Management Group LLP raised its stake 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 buying an additional 1,791,964 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in American International Group by 3.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock worth $1,029,905,000 after buying an additional 461,912 shares in the last quarter. Franklin Resources Inc. raised its stake in American International Group by 14.0% in the fourth quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after buying an additional 1,284,354 shares in the last quarter. Finally, Norges Bank bought a new position in American International Group in the fourth quarter worth about $718,013,000. 90.60% of the stock is owned by institutional investors.

American International Group Stock Up 0.3%

Shares of NYSE:AIG traded up $0.22 during trading on Friday, reaching $82.58. 2,804,218 shares of the stock traded hands, compared to its average volume of 4,380,061. The stock has a 50-day moving average of $83.77 and a two-hundred day moving average of $79.96. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $47.59 billion, a P/E ratio of -31.04, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63.

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, beating analysts' consensus estimates of $1.04 by $0.13. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. The firm had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.89 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. As a group, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.80 annualized dividend and a yield of 2.18%. This is a boost from American International Group's previous quarterly dividend of $0.40. American International Group's dividend payout ratio (DPR) is currently -67.67%.

Insiders Place Their Bets

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the stock in a transaction that occurred on 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 approximately $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AIG shares. Evercore ISI increased their price target on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research note on Tuesday, April 1st. The Goldman Sachs Group increased their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Barclays upped their price objective 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. Deutsche Bank Aktiengesellschaft upped their price objective on shares of American International Group to $91.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $88.12.

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.