8,107 Shares in American International Group, Inc. (NYSE:AIG) Acquired by Advisors Preferred LLC

Advisors Preferred LLC acquired a new position 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 institutional investor acquired 8,107 shares of the insurance provider's stock, valued at approximately $704,000.

A number of other large investors also recently bought and sold shares of AIG. Wealth Enhancement Advisory Services LLC increased its holdings in shares of American International Group by 175.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock valued at $15,807,000 after purchasing an additional 115,706 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of American International Group by 2.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider's stock valued at $1,445,000 after purchasing an additional 355 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of American International Group by 18.6% in the 1st quarter. GAMMA Investing LLC now owns 13,187 shares of the insurance provider's stock valued at $1,146,000 after purchasing an additional 2,069 shares in the last quarter. Brighton Jones LLC purchased a new position in American International Group during the 4th quarter valued at about $1,091,000. Finally, NBC Securities Inc. purchased a new position in American International Group during the 1st quarter valued at about $47,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

Shares of AIG traded up $0.89 during midday trading on Friday, hitting $80.12. 4,476,835 shares of the stock traded hands, compared to its average volume of 4,154,542. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. The firm has a market capitalization of $46.17 billion, a PE ratio of -30.12, a price-to-earnings-growth ratio of 0.87 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 0.64. The business's 50 day moving average price is $83.43 and its two-hundred day moving average price is $80.81.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.13. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates 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. Equities research analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Friday, June 13th. This is a positive change from American International Group's previous quarterly dividend of $0.40. American International Group's dividend payout ratio is currently -67.67%.

Insider Buying and Selling

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the business's stock in a transaction dated 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 directly owned 21,400 shares in the company, valued at approximately $1,781,764. The trade was a 68.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of American International Group to $91.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Barclays raised their price target on shares of American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Keefe, Bruyette & Woods raised their price target on shares of American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Wells Fargo & Company raised their price target on shares of American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group raised their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.19.

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.