Larson Financial Group LLC Has $310,000 Position in American International Group, Inc. (NYSE:AIG)

Larson Financial Group LLC increased its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 1,597.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,564 shares of the insurance provider's stock after purchasing an additional 3,354 shares during the period. Larson Financial Group LLC's holdings in American International Group were worth $310,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new stake in shares of American International Group during the fourth quarter worth approximately $29,000. NBC Securities Inc. acquired a new stake in shares of American International Group during the first quarter worth approximately $47,000. Colonial Trust Co SC increased its holdings in shares of American International Group by 150.2% during the fourth quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock worth $54,000 after buying an additional 443 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of American International Group by 159.6% during the fourth quarter. True Wealth Design LLC now owns 1,041 shares of the insurance provider's stock worth $76,000 after buying an additional 640 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of American International Group by 359.9% during the first quarter. Versant Capital Management Inc now owns 1,113 shares of the insurance provider's stock worth $97,000 after buying an additional 871 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

AIG has been the topic of several research analyst reports. Jefferies Financial Group increased their price target on shares of American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft increased their price target on shares of American International Group to $91.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Wells Fargo & Company raised their price objective on shares of American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Barclays raised their price objective on shares of American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley raised their price objective 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 equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.12.

American International Group Stock Up 0.2%

AIG stock traded up $0.19 during midday trading on Friday, hitting $81.18. The company's stock had a trading volume of 2,967,418 shares, compared to its average volume of 4,367,540. 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. The company's fifty day moving average price is $83.73 and its 200 day moving average price is $80.60. The stock has a market capitalization of $46.79 billion, a P/E ratio of -30.52, a PEG ratio of 0.89 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.13. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates 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 period in the previous year, the business earned $1.25 EPS. As a group, equities research analysts predict that American International Group, Inc. will post 6.24 EPS for the current 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 issued a dividend of $0.45 per share. This is an increase from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 2.22%. American International Group's payout ratio is presently -67.67%.

Insider Activity at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of American International Group 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 completion of the sale, the executive vice president owned 21,400 shares of the company's stock, valued at approximately $1,781,764. The trade was a 68.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

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.