Connective Portfolio Management LLC Makes New Investment in American International Group, Inc. (NYSE:AIG)

Connective Portfolio Management LLC purchased a new position in American International Group, Inc. (NYSE:AIG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,000 shares of the insurance provider's stock, valued at approximately $1,304,000. American International Group makes up approximately 4.4% of Connective Portfolio Management LLC's holdings, making the stock its 9th largest holding.

A number of other institutional investors also recently made changes to their positions in AIG. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group in the 4th quarter valued at $25,000. Ameriflex Group Inc. purchased a new stake in shares of American International Group in the 4th quarter valued at $29,000. BankPlus Trust Department purchased a new stake in shares of American International Group in the 4th quarter valued at $36,000. Whipplewood Advisors LLC purchased a new stake in American International Group during the 4th quarter valued at $40,000. Finally, NBC Securities Inc. purchased a new stake in American International Group during the 1st quarter valued at $47,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Stock Up 0.9%

Shares of NYSE AIG opened at $85.02 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $83.15 and a two-hundred day simple moving average of $79.15. The firm has a market capitalization of $49.00 billion, a PE ratio of -31.96, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued 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. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates 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 last year, the business earned $1.25 EPS. Equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.12%. This is a positive change from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, June 13th. American International Group's dividend payout ratio (DPR) is presently -67.67%.

Wall Street Analysts Forecast Growth

AIG has been the subject of several analyst reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a $91.00 price target (up previously from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods increased their price target 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. Barclays increased their price target on shares of American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley increased their price target on shares of American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company increased 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. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $88.12.

Insider Buying and Selling

In related news, EVP Christopher Flatt sold 46,182 shares of the stock in a transaction dated 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 directly owns 21,400 shares in the company, valued at $1,781,764. This trade represents a 68.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

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.

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