American International Group, Inc. (NYSE:AIG) Shares Bought by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp increased its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 174,680 shares of the insurance provider's stock after purchasing an additional 5,389 shares during the quarter. CHURCHILL MANAGEMENT Corp's holdings in American International Group were worth $15,187,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in shares of American International Group by 175.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock valued at $15,807,000 after purchasing an additional 115,706 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of American International Group by 54.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock worth $924,000 after purchasing an additional 4,468 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in American International Group by 34.7% in the 4th 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 grew its holdings in American International Group by 18.6% during the 1st 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 during the last quarter. Finally, Brighton Jones LLC purchased a new position in American International Group during the fourth quarter worth $1,091,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AIG has been the topic of several recent research reports. Evercore ISI upped their price objective on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research report on Tuesday, April 1st. Morgan Stanley upped 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 report on Monday, May 19th. Jefferies Financial Group raised their price target on shares of American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. 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 report on Tuesday, April 8th. Finally, BMO Capital Markets upped their price objective 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 given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $88.12.

Insider Activity at American International Group

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 directly owned 21,400 shares of the company's stock, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company's stock.

American International Group Trading Up 0.3%

NYSE:AIG traded up $0.22 on Friday, hitting $82.58. 2,804,218 shares of the stock were exchanged, compared to its average volume of 4,376,481. The stock has a fifty day moving average of $83.74 and a 200-day moving average of $79.81. The stock has a market cap of $47.59 billion, a PE ratio of -31.04, a PEG ratio of 0.89 and a beta of 0.63. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter in the prior year, the company earned $1.25 EPS. As a group, equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from American International Group's previous quarterly dividend of $0.40. American International Group's dividend payout ratio (DPR) is currently -67.67%.

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.