Asset Management One Co. Ltd. Has $22.66 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Asset Management One Co. Ltd. boosted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 6.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 260,652 shares of the insurance provider's stock after acquiring an additional 16,845 shares during the period. Asset Management One Co. Ltd.'s holdings in American International Group were worth $22,661,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. increased its stake in American International Group by 7.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 113,035 shares of the insurance provider's stock worth $9,827,000 after acquiring an additional 8,278 shares during the period. CV Advisors LLC acquired a new stake in shares of American International Group in the 1st quarter valued at $1,739,000. Cambridge Investment Research Advisors Inc. boosted 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. Childress Capital Advisors LLC boosted its holdings in shares of American International Group by 35.7% in the 1st quarter. Childress Capital Advisors LLC now owns 4,153 shares of the insurance provider's stock valued at $361,000 after purchasing an additional 1,092 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in shares of American International Group in the 1st quarter valued at $217,000. Institutional investors own 90.60% of the company's stock.

Insider Buying and Selling

In related news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction on Monday, May 5th. The stock was 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 directly owns 21,400 shares of the company's stock, valued at $1,781,764. This trade represents a 68.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

American International Group Trading Down 0.4%

NYSE:AIG traded down $0.37 during trading hours on Friday, hitting $84.60. 8,170,452 shares of the company were exchanged, compared to its average volume of 4,376,408. The stock has a market capitalization of $48.76 billion, a price-to-earnings ratio of -31.80, a price-to-earnings-growth ratio of 0.92 and a beta of 0.64. 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, Inc. has a one year low of $69.00 and a one year high of $88.07. The company has a fifty day simple moving average of $83.52 and a 200 day simple moving average of $79.59.

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, topping the consensus estimate of $1.04 by $0.13. The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.89 billion. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. During the same period last year, the company earned $1.25 EPS. Sell-side analysts expect 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 dividend of $0.45 per share. This is a positive change from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Friday, June 13th. American International Group's dividend payout ratio (DPR) is currently -67.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AIG shares. Morgan Stanley raised their target price on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price on the stock in a report on Wednesday, March 5th. BMO Capital Markets raised their target price on American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a report on Thursday, March 13th. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $91.00 price objective (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $88.12.

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.