Aurora Private Wealth Inc. Purchases Shares of 11,307 American International Group, Inc. (NYSE:AIG)

Aurora Private Wealth Inc. bought a new position in American International Group, Inc. (NYSE:AIG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,307 shares of the insurance provider's stock, valued at approximately $983,000.

A number of other institutional investors and hedge funds have also modified their holdings of AIG. Norges Bank acquired a new position in shares of American International Group in the 4th quarter valued at about $718,013,000. Balyasny Asset Management L.P. purchased a new position in American International Group during the fourth quarter valued at approximately $135,325,000. Wellington Management Group LLP increased its stake in American International Group by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock valued at $1,951,427,000 after buying an additional 1,791,964 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position 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 buying an additional 1,363,108 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of American International Group during the 4th quarter valued at $95,074,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

Shares of NYSE AIG traded down $0.37 during trading hours on Friday, hitting $84.60. 8,170,452 shares of the stock were exchanged, compared to its average volume of 4,376,408. 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's 50 day moving average is $83.52 and its 200 day moving average is $79.59. The firm has a market capitalization of $48.76 billion, a P/E ratio of -31.80, a P/E/G ratio of 0.92 and a beta of 0.64. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping 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 negative net margin of 7.05% and a positive return on equity of 7.13%. During the same period in the prior year, the firm earned $1.25 EPS. On average, research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The company also recently disclosed 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. This represents a $1.80 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, June 13th. American International Group's dividend payout ratio is currently -67.67%.

Insider Buying and Selling

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 sale, the executive vice president now directly owns 21,400 shares of the company's stock, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $91.00 price objective (up from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Evercore ISI lifted their price target on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. Wells Fargo & Company increased their price objective on American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods raised their price objective on shares of American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley lifted their target price 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 analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned 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.

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.