Callan Capital LLC Buys 3,943 Shares of American International Group, Inc. (NYSE:AIG)

Callan Capital LLC raised its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 123.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,138 shares of the insurance provider's stock after buying an additional 3,943 shares during the period. Callan Capital LLC's holdings in American International Group were worth $621,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Miracle Mile Advisors LLC increased its holdings in American International Group by 1.6% in the 1st quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider's stock valued at $704,000 after buying an additional 124 shares during the period. Western Pacific Wealth Management LP grew its stake in shares of American International Group by 2.3% in the first quarter. Western Pacific Wealth Management LP now owns 5,673 shares of the insurance provider's stock worth $493,000 after purchasing an additional 125 shares during the last quarter. Checchi Capital Advisers LLC grew its position in shares of American International Group by 2.4% in the 1st quarter. Checchi Capital Advisers LLC now owns 5,610 shares of the insurance provider's stock valued at $488,000 after buying an additional 132 shares during the last quarter. Snowden Capital Advisors LLC boosted its stake in shares of American International Group by 1.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider's stock valued at $769,000 after purchasing an additional 146 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its position in shares of American International Group by 1.8% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider's stock valued at $641,000 after purchasing an additional 152 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AIG has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price target on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Wells Fargo & Company raised their price target on shares of 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. Evercore ISI lifted their target price on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods lifted their target price on shares of American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, BMO Capital Markets lifted their target price on American International Group from $75.00 to $83.00 and gave the stock 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.12.

Insiders Place Their Bets

In related news, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction that occurred 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 sale, the executive vice president directly owned 21,400 shares in the company, valued at $1,781,764. The trade was a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company's stock.

American International Group Price Performance

AIG stock opened at $82.93 on Tuesday. The firm's fifty day moving average is $83.79 and its 200 day moving average is $80.09. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The firm has a market cap of $47.80 billion, a P/E ratio of -31.18, a P/E/G ratio of 0.91 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 0.64.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings results 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. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. During the same period last year, the company earned $1.25 EPS. 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 business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a dividend of $0.45 per share. This is a positive change from American International Group's previous quarterly dividend of $0.40. The ex-dividend date was Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.17%. American International Group's payout ratio is presently -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.

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