Brown Advisory Inc. Buys 25,708 Shares of American International Group, Inc. (NYSE:AIG)

Brown Advisory Inc. raised its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 1.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,863,278 shares of the insurance provider's stock after acquiring an additional 25,708 shares during the quarter. Brown Advisory Inc. owned 0.31% of American International Group worth $161,993,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in American International Group by 175.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock valued at $15,807,000 after acquiring an additional 115,706 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in American International Group by 2.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider's stock valued at $1,445,000 after buying an additional 355 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in American International Group by 34.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,161 shares of the insurance provider's stock valued at $813,000 after buying an additional 2,874 shares in the last quarter. GAMMA Investing LLC lifted its stake in American International Group by 18.6% during the first quarter. GAMMA Investing LLC now owns 13,187 shares of the insurance provider's stock valued at $1,146,000 after buying an additional 2,069 shares in the last quarter. Finally, Brighton Jones LLC purchased a new stake in American International Group during the fourth quarter valued at about $1,091,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 value of $3,845,113.32. Following the completion of the transaction, the executive vice president directly owned 21,400 shares of the company's stock, valued at $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley upped 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. The Goldman Sachs Group upped their target price on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Barclays upped their target price on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Evercore ISI upped their target price 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. Finally, Deutsche Bank Aktiengesellschaft upped their target price on American International Group to $91.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.12.

American International Group Stock Performance

AIG stock traded up $0.15 during midday trading on Tuesday, hitting $83.18. 4,205,789 shares of the company traded hands, compared to its average volume of 4,379,189. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.21. The business has a 50 day simple moving average of $83.79 and a 200-day simple moving average of $80.09. The stock has a market capitalization of $47.94 billion, a price-to-earnings ratio of -31.27, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63.

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 for the quarter, beating the consensus estimate of $1.04 by $0.13. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. The company had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. During the same period in the prior year, the business earned $1.25 earnings per share. As a group, equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a $0.45 dividend. This is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Friday, June 13th. American International Group's dividend payout ratio (DPR) is -67.67%.

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.