Vise Technologies Inc. Acquires Shares of 5,035 American International Group, Inc. (NYSE:AIG)

Vise Technologies Inc. purchased a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,035 shares of the insurance provider's stock, valued at approximately $367,000.

Other institutional investors have also recently made changes to their positions in the company. Duncker Streett & Co. Inc. purchased a new position in American International Group in the fourth quarter valued at about $25,000. Asset Planning Inc purchased a new position in American International Group in the fourth quarter valued at about $26,000. BankPlus Trust Department purchased a new position in American International Group in the fourth quarter valued at about $36,000. Whipplewood Advisors LLC purchased a new position in American International Group in the fourth quarter valued at about $40,000. Finally, Colonial Trust Co SC grew its stake in American International Group by 150.2% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insider Transactions at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of American International Group 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

AIG has been the topic of several analyst reports. Morgan Stanley lifted their target price on 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 lifted their target price on 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. The Goldman Sachs Group lifted their target price on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. BMO Capital Markets boosted their price target on American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research note on Thursday, March 13th. Finally, Barclays boosted their price target on American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $88.12.

American International Group Stock Performance

NYSE:AIG traded up $0.84 during midday trading on Thursday, hitting $83.58. The company's stock had a trading volume of 3,004,359 shares, compared to its average volume of 4,415,221. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The firm's 50 day moving average is $82.44 and its 200-day moving average is $78.09. 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 firm has a market cap of $48.17 billion, a P/E ratio of -40.18, a P/E/G ratio of 1.01 and a beta of 0.69.

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 negative net margin of 4.25% and a positive return on equity of 8.01%. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter in the prior year, the company earned $1.25 EPS. Equities analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently disclosed 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 is a boost from American International Group's previous quarterly dividend of $0.40. The ex-dividend date is Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.15%. American International Group's dividend payout ratio (DPR) is presently -67.67%.

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.