Hennion & Walsh Asset Management Inc. Has $4 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Hennion & Walsh Asset Management Inc. increased its position in American International Group, Inc. (NYSE:AIG - Free Report) by 48.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,018 shares of the insurance provider's stock after buying an additional 14,968 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in American International Group were worth $4,001,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Duncker Streett & Co. Inc. acquired a new position in American International Group during the fourth quarter valued at approximately $25,000. Asset Planning Inc acquired a new stake in shares of American International Group in the fourth quarter worth $26,000. Ameriflex Group Inc. purchased a new position in shares of American International Group in the 4th quarter valued at $29,000. BankPlus Trust Department purchased a new stake in American International Group during the 4th quarter worth $36,000. Finally, Whipplewood Advisors LLC purchased a new stake in American International Group during the 4th quarter worth $40,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

American International Group stock traded up $0.30 during mid-day trading on Thursday, hitting $85.31. The company's stock had a trading volume of 2,838,764 shares, compared to its average volume of 4,417,002. The stock has a market capitalization of $49.17 billion, a P/E ratio of -41.02, a P/E/G ratio of 1.01 and a beta of 0.64. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The stock's fifty day moving average price is $82.52 and its two-hundred day moving average price is $78.41. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

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

American International Group Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on AIG shares. Jefferies Financial Group boosted their price objective on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods boosted their price target on American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. UBS Group lowered their price objective on shares of American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $91.00 price objective (up previously from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group upped their target price on shares of American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Nine investment 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $88.12.

Insider Activity

In related news, EVP Christopher Flatt sold 46,182 shares of the 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 sale, the executive vice president now directly owns 21,400 shares in the company, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by corporate 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.