Vise Technologies Inc. Buys New Position in American International Group, Inc. (NYSE:AIG)

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

Other large investors also recently bought and sold shares of the company. Duncker Streett & Co. Inc. acquired a new position in American International Group in the fourth quarter valued at about $25,000. Asset Planning Inc acquired a new position in American International Group in the fourth quarter valued at about $26,000. BankPlus Trust Department acquired a new position in American International Group in the fourth quarter valued at about $36,000. Whipplewood Advisors LLC acquired a new position in American International Group in the fourth quarter valued at about $40,000. Finally, Colonial Trust Co SC lifted its position 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 buying an additional 443 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

AIG has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price objective on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. HSBC upgraded American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective on the stock in a report on Wednesday, March 5th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $91.00 price objective (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Evercore ISI boosted their price objective on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. Finally, UBS Group cut their price objective on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Nine investment 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $88.12.

American International Group Stock Up 1.1%

Shares of NYSE:AIG traded up $0.92 on Friday, hitting $84.51. 7,861,653 shares of the company's stock were exchanged, compared to its average volume of 4,430,832. The firm's 50-day moving average is $82.44 and its 200 day moving average is $78.23. The company has a market capitalization of $48.71 billion, a PE ratio of -40.63, a P/E/G ratio of 1.01 and a beta of 0.69. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. 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 (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.13. The business had revenue of $6.77 billion during 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 period in the prior year, the firm posted $1.25 EPS. Sell-side analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.45 per share. This is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, June 13th. American International Group's dividend payout ratio is currently -67.67%.

Insider Transactions at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction dated 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 directly owns 21,400 shares of the company's stock, valued at $1,781,764. This represents a 68.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company's stock.

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.