13,309 Shares in American International Group, Inc. (NYSE:AIG) Acquired by Entropy Technologies LP

Key Points

• Entropy Technologies LP acquired a new position in American International Group, purchasing 13,309 shares valued at approximately $1,157,000 during the first quarter of the year.
• Numerous large investors have recently increased their holdings in AIG, with 90.60% of the stock owned by hedge funds and institutional investors.
• American International Group announced a quarterly dividend of $0.45, representing a 2.3% yield and indicating a dividend payout ratio of 34.09%.

Entropy Technologies LP bought a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,309 shares of the insurance provider's stock, valued at approximately $1,157,000.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of American International Group by 175.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock worth $15,807,000 after buying an additional 115,706 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in American International Group by 2.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider's stock valued at $1,445,000 after purchasing an additional 355 shares during the period. IFP Advisors Inc lifted its position in American International Group by 34.9% in the first quarter. IFP Advisors Inc now owns 2,882 shares of the insurance provider's stock valued at $251,000 after purchasing an additional 745 shares during the period. GAMMA Investing LLC lifted its position in American International Group by 18.6% in the first quarter. GAMMA Investing LLC now owns 13,187 shares of the insurance provider's stock valued at $1,146,000 after purchasing an additional 2,069 shares during the period. Finally, Brighton Jones LLC acquired a new stake in American International Group in the fourth quarter valued at about $1,091,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective 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. Citigroup assumed coverage on shares of American International Group in a research report on Wednesday. They issued a "neutral" rating and a $85.00 price objective for the company. Barclays raised their price objective 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 raised their price objective 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, Keefe, Bruyette & Woods reduced their price objective on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a research report on Tuesday. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $87.75.

American International Group Price Performance

Shares of AIG traded up $1.43 during mid-day trading on Wednesday, reaching $79.91. 4,293,698 shares of the company's stock were exchanged, compared to its average volume of 4,360,877. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. The company has a 50-day simple moving average of $82.05 and a two-hundred day simple moving average of $81.25. American International Group, Inc. has a 52-week low of $69.24 and a 52-week high of $88.07. The company has a market cap of $44.27 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.85 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The business had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.81 billion. During the same period last year, the company posted $1.16 EPS. On average, sell-side analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group's dividend payout ratio (DPR) is 34.09%.

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.