Allegiance Financial Group Advisory Services LLC Makes New $279,000 Investment in American International Group, Inc. (NYSE:AIG)

Allegiance Financial Group Advisory Services LLC purchased a new position in American International Group, Inc. (NYSE:AIG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,214 shares of the insurance provider's stock, valued at approximately $279,000.

A number of other institutional investors also recently bought and sold shares of AIG. Ameriflex Group Inc. purchased a new position in shares of American International Group during the 4th quarter worth $29,000. Sachetta LLC boosted its position in American International Group by 194.5% in the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock valued at $33,000 after buying an additional 249 shares during the period. NBC Securities Inc. purchased a new stake in American International Group in the 1st quarter valued at about $47,000. Colonial Trust Co SC lifted its position in shares of American International Group by 150.2% in the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock worth $54,000 after purchasing an additional 443 shares during the period. Finally, True Wealth Design LLC lifted its position in shares of American International Group by 159.6% in the 4th quarter. True Wealth Design LLC now owns 1,041 shares of the insurance provider's stock worth $76,000 after purchasing an additional 640 shares during the period. 90.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of American International Group to $91.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $91.00 target price (up from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Barclays boosted their target price on shares of American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Morgan Stanley boosted 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 note on Monday, May 19th. Nine 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.12.

Insiders Place Their Bets

In related news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction that occurred 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 directly owned 21,400 shares of the company's stock, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.50% of the company's stock.

American International Group Stock Up 0.2%

Shares of American International Group stock traded up $0.19 during trading hours on Friday, hitting $81.18. The company had a trading volume of 2,967,418 shares, compared to its average volume of 4,378,251. The company has a market cap of $46.79 billion, a P/E ratio of -30.52, a price-to-earnings-growth ratio of 0.89 and a beta of 0.63. The company's 50-day moving average is $83.73 and its two-hundred day moving average is $80.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping analysts' consensus estimates 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 earned $1.25 EPS. 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 firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a dividend of $0.45 per share. This is an increase from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Friday, June 13th. American International Group's dividend payout ratio (DPR) is -67.67%.

American International Group 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.