Artemis Investment Management LLP Purchases 9,282 Shares of American International Group, Inc. (NYSE:AIG)

Artemis Investment Management LLP raised its position in American International Group, Inc. (NYSE:AIG - Free Report) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 283,528 shares of the insurance provider's stock after purchasing an additional 9,282 shares during the quarter. Artemis Investment Management LLP's holdings in American International Group were worth $24,650,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AIG. Capital Research Global Investors raised its position in American International Group by 1.4% in the 4th quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock valued at $2,540,050,000 after buying an additional 482,724 shares during the last quarter. Wellington Management Group LLP raised its holdings 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 valued at $1,951,427,000 after purchasing an additional 1,791,964 shares during the last quarter. Diamond Hill Capital Management Inc. lifted 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 worth $1,029,905,000 after purchasing an additional 461,912 shares in the last quarter. Franklin Resources Inc. boosted its holdings in American International Group by 14.0% during the fourth quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after purchasing an additional 1,284,354 shares during the last quarter. Finally, Norges Bank bought a new position in American International Group in the fourth quarter valued at $718,013,000. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Performance

AIG traded down $0.37 during trading on Friday, hitting $84.60. The stock had a trading volume of 8,170,452 shares, compared to its average volume of 4,392,503. 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 company has a 50 day moving average price of $83.45 and a 200-day moving average price of $79.42. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The firm has a market cap of $48.76 billion, a price-to-earnings ratio of -31.80, a P/E/G ratio of 0.91 and a beta of 0.64.

American International Group (NYSE:AIG - Get Free Report) last announced its 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 company had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. During the same quarter in the previous year, the business posted $1.25 earnings per share. As a group, research analysts predict that American International Group, Inc. will post 6.24 EPS 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. 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 is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.13%. American International Group's dividend payout ratio (DPR) is currently -67.67%.

Insider Activity

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. 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. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a report on Wednesday, March 5th. 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 report on Tuesday, April 1st. Finally, BMO Capital Markets increased their price target on shares of American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research note on Thursday, March 13th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $88.12.

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.