CV Advisors LLC Purchases Shares of 20,000 American International Group, Inc. (NYSE:AIG)

CV Advisors LLC purchased a new stake in American International Group, Inc. (NYSE:AIG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,000 shares of the insurance provider's stock, valued at approximately $1,739,000. American International Group accounts for 0.6% of CV Advisors LLC's investment portfolio, making the stock its 15th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors raised its stake in shares of 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 purchasing an additional 482,724 shares during the period. Wellington Management Group LLP grew its holdings 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 acquiring 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 valued at $1,029,905,000 after acquiring an additional 461,912 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of American International Group by 14.0% in the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock valued at $760,528,000 after acquiring an additional 1,284,354 shares in the last quarter. Finally, Norges Bank bought a new position in shares of American International Group in the 4th quarter valued at about $718,013,000. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Trading Up 0.9%

American International Group stock opened at $85.02 on Monday. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $49.00 billion, a P/E ratio of -31.96, a PEG ratio of 0.92 and a beta of 0.64. The stock has a 50-day simple moving average of $83.15 and a 200 day simple moving average of $79.19.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate 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 posted $1.25 earnings per share. Analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.12%. American International Group's dividend payout ratio (DPR) is -67.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AIG. HSBC upgraded American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $91.00 price objective (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Morgan Stanley raised their price objective on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. The Goldman Sachs Group raised their price objective on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Finally, Jefferies Financial Group raised their price objective on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, April 11th. Nine investment 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. Based on data from MarketBeat, American International Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.12.

Insiders Place Their Bets

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction that occurred 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 now directly owns 21,400 shares in the company, valued at $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.61% of the company's stock.

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.

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