4,703 Shares in American International Group, Inc. (NYSE:AIG) Purchased by Colonial River Investments LLC

Colonial River Investments LLC bought 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 disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,703 shares of the insurance provider's stock, valued at approximately $409,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Duncker Streett & Co. Inc. bought a new position in American International Group during the 4th quarter valued at approximately $25,000. Ameriflex Group Inc. bought a new position in shares of American International Group during the fourth quarter valued at $29,000. Whipplewood Advisors LLC bought a new position in shares of American International Group during the fourth quarter valued at $40,000. NBC Securities Inc. bought a new position in shares of American International Group during the first quarter valued at $47,000. Finally, Colonial Trust Co SC increased its stake in American International Group by 150.2% during the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock valued at $54,000 after purchasing an additional 443 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

American International Group Trading Down 0.4%

Shares of NYSE:AIG opened at $84.60 on Friday. The company has a market cap of $48.76 billion, a PE ratio of -31.80, a price-to-earnings-growth ratio of 0.92 and a beta of 0.64. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The stock has a 50 day moving average of $83.52 and a 200 day moving average of $79.50. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last issued its 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. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $1.25 EPS. As a group, 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 declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.13%. This is an increase from American International Group's previous quarterly dividend of $0.40. The ex-dividend date was Friday, June 13th. American International Group's dividend payout ratio is presently -67.67%.

Analyst Ratings Changes

AIG has been the subject of a number of analyst reports. Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Barclays lifted their target price on American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Jefferies Financial Group lifted their price objective on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, April 11th. The Goldman Sachs Group lifted their price objective on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Finally, HSBC upgraded shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target for the company in a research note on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and an average price target of $88.12.

Insiders Place Their Bets

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the completion of the transaction, the executive vice president now owns 21,400 shares of the company's stock, valued at $1,781,764. This represents a 68.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

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.

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