Challenger Wealth Management Makes New $269,000 Investment in American International Group, Inc. (NYSE:AIG)

Challenger Wealth Management purchased a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,700 shares of the insurance provider's stock, valued at approximately $269,000.

Other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in American International Group by 54.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock valued at $924,000 after buying an additional 4,468 shares in the last quarter. Williams & Novak LLC bought a new position in shares of American International Group in the fourth quarter valued at about $279,000. Swedbank AB increased its stake in shares of American International Group by 70.6% in the 4th quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider's stock valued at $154,896,000 after purchasing an additional 880,625 shares during the last quarter. Merrion Investment Management Co LLC bought a new position in American International Group in the fourth quarter valued at about $874,000. Finally, KBC Group NV grew its position in American International Group by 20.2% during the 4th quarter. KBC Group NV now owns 289,906 shares of the insurance provider's stock worth $21,105,000 after acquiring an additional 48,816 shares during the last quarter. Institutional investors own 90.60% of the company's stock.

American International Group Trading Up 0.8%

AIG stock traded up $0.71 during mid-day trading on Friday, reaching $84.30. 1,411,314 shares of the stock traded hands, compared to its average volume of 4,655,605. The business has a 50-day moving average price of $82.43 and a two-hundred day moving average price of $78.14. The stock has a market capitalization of $48.58 billion, a PE ratio of -40.52, a PEG ratio of 1.01 and a beta of 0.69. 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, Inc. has a one year low of $69.00 and a one year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.13. The business had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.89 billion. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. During the same quarter last year, the firm earned $1.25 EPS. Equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The firm also recently announced 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 2.14%. This is an increase from American International Group's previous quarterly dividend of $0.40. The ex-dividend date is Friday, June 13th. American International Group's dividend payout ratio is presently -67.67%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Evercore ISI upped their price target on shares of American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research report on Tuesday, April 1st. BMO Capital Markets increased their price target on American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a report on Thursday, March 13th. Keefe, Bruyette & Woods increased their price target on American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $91.00 target price (up from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company increased their price objective on shares of American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, American International Group has a consensus rating of "Moderate Buy" and an average price target of $88.12.

Insider Buying and Selling

In related news, EVP Christopher Flatt sold 46,182 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $83.26, for a total value of $3,845,113.32. Following the completion of the sale, the executive vice president now owns 21,400 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company's stock.

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.