Natixis Advisors LLC Acquires 38,160 Shares of American International Group, Inc. (NYSE:AIG)

Key Points

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Natixis Advisors LLC grew its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 894,261 shares of the insurance provider's stock after buying an additional 38,160 shares during the quarter. Natixis Advisors LLC owned 0.15% of American International Group worth $77,747,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in American International Group by 20.4% in the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider's stock worth $974,840,000 after acquiring an additional 1,901,998 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in American International Group in the 4th quarter worth $135,325,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in American International Group by 2,134.0% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,426,985 shares of the insurance provider's stock worth $103,885,000 after acquiring an additional 1,363,108 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of American International Group by 10,211.9% during the 1st quarter. GAMMA Investing LLC now owns 1,146,478 shares of the insurance provider's stock valued at $99,675,000 after purchasing an additional 1,135,360 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of American International Group by 16.9% during the 4th quarter. Northern Trust Corp now owns 7,258,648 shares of the insurance provider's stock valued at $528,430,000 after purchasing an additional 1,050,228 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insider Buying and Selling at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction on 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 transaction, the executive vice president owned 21,400 shares in the company, valued at approximately $1,781,764. This 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 can be accessed through this hyperlink. Corporate insiders own 0.50% of the company's stock.

American International Group Price Performance

Shares of NYSE:AIG traded down $0.66 during midday trading on Friday, reaching $76.97. 4,438,077 shares of the company were exchanged, compared to its average volume of 4,083,866. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. The business's fifty day moving average is $82.94 and its two-hundred day moving average is $81.04. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The stock has a market cap of $44.36 billion, a PE ratio of -28.94, a price-to-earnings-growth ratio of 0.85 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping 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 firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.89 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. As a group, analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AIG shares. Keefe, Bruyette & Woods lifted their target price on shares of American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Jefferies Financial Group lifted their target price 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. William Blair raised shares of American International Group to a "strong-buy" rating in a research report on Friday. Morgan Stanley lifted their price target on shares of American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $91.00 price target (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $88.19.

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.