3,840 Shares in American International Group, Inc. (NYSE:AIG) Acquired by Curat Global LLC

Curat Global LLC bought a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,840 shares of the insurance provider's stock, valued at approximately $334,000.

A number of other large investors have also recently made changes to their positions in the company. Snowden Capital Advisors LLC increased its stake in shares of American International Group by 1.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider's stock worth $769,000 after buying an additional 146 shares during the period. Laird Norton Wetherby Wealth Management LLC increased its stake in shares of American International Group by 1.8% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider's stock worth $641,000 after buying an additional 152 shares during the period. Pitcairn Co. increased its stake in American International Group by 2.2% in the fourth quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider's stock valued at $536,000 after purchasing an additional 158 shares during the last quarter. Integrated Advisors Network LLC increased its stake in American International Group by 1.0% in the fourth quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider's stock valued at $1,188,000 after purchasing an additional 161 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC increased its stake in American International Group by 0.9% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 19,737 shares of the insurance provider's stock valued at $1,437,000 after purchasing an additional 169 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by corporate insiders.

American International Group Price Performance

Shares of NYSE AIG opened at $85.31 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a fifty day moving average price of $82.49 and a 200 day moving average price of $78.47. 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 cap of $49.17 billion, a PE ratio of -41.02, a P/E/G ratio of 1.01 and a beta of 0.64.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same period last year, the company earned $1.25 earnings per share. Sell-side analysts forecast 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. Shareholders of record on Friday, June 13th will be issued a $0.45 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a yield of 2.11%. 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%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley increased their price target on shares of American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Wells Fargo & Company increased their price target on shares of American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. HSBC upgraded shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target on the stock in a research note on Wednesday, March 5th. Barclays raised their target price on shares of American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Nine research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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