3Chopt Investment Partners LLC Invests $350,000 in American International Group, Inc. (NYSE:AIG)

3Chopt Investment Partners LLC acquired a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,027 shares of the insurance provider's stock, valued at approximately $350,000.

Several other hedge funds also recently bought and sold shares of AIG. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group in the fourth quarter valued at approximately $25,000. Ameriflex Group Inc. bought a new stake in American International Group during the 4th quarter valued at $29,000. Whipplewood Advisors LLC bought a new position in American International Group in the fourth quarter worth about $40,000. NBC Securities Inc. bought a new stake in shares of American International Group in the 1st quarter valued at about $47,000. Finally, Colonial Trust Co SC raised its stake in shares of American International Group by 150.2% during the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock worth $54,000 after acquiring an additional 443 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

Insider Transactions at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction 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 owned 21,400 shares of the company's stock, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is currently owned by corporate insiders.

American International Group Trading Up 1.3%

Shares of AIG stock traded up $1.08 on Monday, reaching $85.67. 4,597,244 shares of the stock were exchanged, compared to its average volume of 4,377,290. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.21. The stock has a market cap of $49.37 billion, a P/E ratio of -32.21, a price-to-earnings-growth ratio of 0.92 and a beta of 0.64. The firm has a 50 day moving average of $83.52 and a two-hundred day moving average of $79.59. 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 announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.04 by $0.13. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.89 billion. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. During the same period in the prior year, the firm posted $1.25 earnings per share. On average, research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.10%. This is a boost from American International Group's previous quarterly dividend of $0.40. The ex-dividend date was Friday, June 13th. American International Group's payout ratio is -67.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. restated a "neutral" rating and set a $91.00 price target (up previously from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods upped their price target on American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Barclays raised 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 report on Friday, May 2nd. Morgan Stanley lifted 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 report on Monday, May 19th. Finally, BMO Capital Markets increased their price objective on American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research report on Thursday, March 13th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, American International Group has an average 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.