American International Group, Inc. (NYSE:AIG) Holdings Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its position in American International Group, Inc. (NYSE:AIG - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 260,652 shares of the insurance provider's stock after purchasing an additional 16,845 shares during the period. Asset Management One Co. Ltd.'s holdings in American International Group were worth $22,661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of American International Group in the 4th quarter worth approximately $1,091,000. IFP Advisors Inc lifted its stake in shares of American International Group by 36.6% in the 4th quarter. IFP Advisors Inc now owns 2,137 shares of the insurance provider's stock worth $156,000 after acquiring an additional 573 shares during the period. BankPlus Trust Department acquired a new stake in shares of American International Group in the 4th quarter worth approximately $36,000. Bank of New York Mellon Corp lifted its stake in shares of American International Group by 3.9% in the 4th quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider's stock worth $677,825,000 after acquiring an additional 347,982 shares during the period. Finally, Sitrin Capital Management LLC lifted its stake in shares of American International Group by 0.7% in the 4th quarter. Sitrin Capital Management LLC now owns 91,686 shares of the insurance provider's stock worth $6,675,000 after acquiring an additional 623 shares during the period. Institutional investors own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of 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. HSBC raised shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target for the company in a research note on Wednesday, March 5th. Evercore ISI upped their price target on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research note on Tuesday, April 1st. The Goldman Sachs Group upped 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. Finally, Wells Fargo & Company upped 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. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.12.

American International Group Stock Down 1.8%

AIG stock opened at $83.92 on Thursday. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The company's 50 day simple moving average is $83.37 and its 200-day simple moving average is $79.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $48.37 billion, a P/E ratio of -31.55, a P/E/G ratio of 0.93 and a beta of 0.64.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly 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. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. As a group, equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from American International Group's previous quarterly dividend of $0.40. American International Group's payout ratio is currently -67.67%.

Insider Activity

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the company'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 transaction, the executive vice president now owns 21,400 shares in the company, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

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.

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