DCM Advisors LLC Has $8.19 Million Position in American International Group, Inc. (NYSE:AIG)

DCM Advisors LLC increased its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 112,469 shares of the insurance provider's stock after purchasing an additional 5,847 shares during the period. American International Group accounts for approximately 3.8% of DCM Advisors LLC's investment portfolio, making the stock its 13th biggest position. DCM Advisors LLC's holdings in American International Group were worth $8,188,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors boosted its holdings in shares of American International Group by 13.8% in the fourth quarter. Arkadios Wealth Advisors now owns 3,373 shares of the insurance provider's stock valued at $246,000 after acquiring an additional 408 shares during the period. UMB Bank n.a. increased its position in shares of American International Group by 21.5% in the fourth quarter. UMB Bank n.a. now owns 1,793 shares of the insurance provider's stock worth $131,000 after acquiring an additional 317 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of American International Group by 3.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 40,481 shares of the insurance provider's stock worth $2,947,000 after purchasing an additional 1,205 shares during the last quarter. Atomi Financial Group Inc. grew its stake in American International Group by 17.0% in the fourth quarter. Atomi Financial Group Inc. now owns 10,293 shares of the insurance provider's stock worth $749,000 after purchasing an additional 1,499 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in American International Group by 3.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 240,885 shares of the insurance provider's stock worth $17,536,000 after purchasing an additional 8,558 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. 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 research report on Wednesday, March 5th. Evercore ISI upped their price objective on shares of American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $91.00 price objective (up from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Finally, UBS Group reduced their price objective on shares of American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Nine 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $88.12.

American International Group Price Performance

AIG traded up $1.66 during midday trading on Tuesday, hitting $83.28. The company had a trading volume of 752,515 shares, compared to its average volume of 4,414,329. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The firm's 50-day simple moving average is $82.46 and its 200-day simple moving average is $78.02. The company has a market capitalization of $47.99 billion, a PE ratio of -40.03, a P/E/G ratio of 1.01 and a beta of 0.69.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. During the same quarter in the prior year, the company earned $1.25 earnings per share. Equities research analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $0.45 per share. This is a boost from American International Group's previous quarterly dividend of $0.40. The ex-dividend date is Friday, June 13th. This represents a $1.80 annualized dividend and a yield of 2.16%. American International Group's dividend payout ratio is presently -67.67%.

Insider Transactions at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of American International Group 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 sale, the executive vice president now owns 21,400 shares in the company, valued at $1,781,764. The trade was a 68.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

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.