American International Group, Inc. (NYSE:AIG) Shares Bought by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC raised its position in American International Group, Inc. (NYSE:AIG - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 159,246 shares of the insurance provider's stock after buying an additional 4,476 shares during the period. American International Group accounts for 1.8% of Abner Herrman & Brock LLC's investment portfolio, making the stock its 29th biggest holding. Abner Herrman & Brock LLC's holdings in American International Group were worth $13,845,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Research Global Investors increased its position in American International Group by 1.4% in the fourth quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock worth $2,540,050,000 after buying an additional 482,724 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of American International Group by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after purchasing an additional 1,791,964 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of American International Group by 3.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock valued at $1,029,905,000 after purchasing an additional 461,912 shares during the period. Franklin Resources Inc. boosted its holdings in American International Group by 14.0% in the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after buying an additional 1,284,354 shares during the period. Finally, Norges Bank purchased a new stake in shares of American International Group during the fourth quarter worth $718,013,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Trading Up 0.2%

Shares of NYSE:AIG traded up $0.15 during midday trading on Thursday, reaching $85.16. 801,169 shares of the company's stock were exchanged, compared to its average volume of 4,409,176. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm's 50 day simple moving average is $82.52 and its two-hundred day simple moving average is $78.41. The stock has a market cap of $49.08 billion, a price-to-earnings ratio of -40.94, a P/E/G ratio of 1.01 and a beta of 0.64.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.04 by $0.13. The company had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. During the same quarter in the previous year, the business posted $1.25 EPS. As a group, sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.45 dividend. This is a boost from American International Group's previous quarterly dividend of $0.40. The ex-dividend date is Friday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 2.11%. American International Group's dividend payout ratio (DPR) is -67.67%.

Analysts Set New Price Targets

AIG has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted their target price on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, April 11th. Hsbc Global Res upgraded American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $91.00 target price (up from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. UBS Group reduced their price objective on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Finally, HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target on the stock in a research note on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, American International Group currently has a consensus rating of "Moderate Buy" and an average price target of $88.12.

Insider Buying and Selling at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

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.