Auxier Asset Management Acquires 4,837 Shares of American International Group, Inc. (NYSE:AIG)

Auxier Asset Management raised its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,043 shares of the insurance provider's stock after buying an additional 4,837 shares during the quarter. American International Group accounts for approximately 1.3% of Auxier Asset Management's holdings, making the stock its 23rd biggest holding. Auxier Asset Management's holdings in American International Group were worth $8,302,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AIG. Capital Research Global Investors boosted its stake 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 in the last quarter. Wellington Management Group LLP boosted its stake in shares of 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 purchasing an additional 1,791,964 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of American International Group by 3.4% in the 4th 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 during the last quarter. Franklin Resources Inc. increased its position in shares of American International Group by 14.0% during the 4th 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 in the last quarter. Finally, Norges Bank bought a new position in American International Group during the 4th quarter valued at about $718,013,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Insider Activity at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $83.26, for a total value of $3,845,113.32. Following the completion of the transaction, the executive vice president now owns 21,400 shares of the company's stock, valued at $1,781,764. The trade was a 68.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

American International Group Trading Up 0.7%

AIG traded up $0.60 during trading on Thursday, reaching $83.34. 965,047 shares of the company's stock were exchanged, compared to its average volume of 4,407,354. The company's fifty day moving average price is $82.44 and its 200-day moving average price is $78.09. The firm has a market capitalization of $48.03 billion, a PE ratio of -40.05, a P/E/G ratio of 1.01 and a beta of 0.69. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

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

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.45 dividend. 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 dividend on an annualized basis and a dividend yield of 2.16%. American International Group's dividend payout ratio is -67.67%.

Wall Street Analyst Weigh In

AIG has been the topic of several research analyst reports. Evercore ISI upped their price objective on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods raised their price target on American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $91.00 price objective (up previously from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. UBS Group lowered their target price on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of American International Group to $91.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $88.12.

American International Group Company 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.