American International Group, Inc. (NYSE:AIG) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 3.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,231,082 shares of the insurance provider's stock after buying an additional 42,743 shares during the period. Envestnet Asset Management Inc. owned about 0.21% of American International Group worth $107,030,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Brighton Jones LLC purchased a new position in shares of American International Group in the 4th quarter valued at about $1,091,000. Proficio Capital Partners LLC increased its stake in shares of American International Group by 35.9% in the 4th quarter. Proficio Capital Partners LLC now owns 9,481 shares of the insurance provider's stock valued at $690,000 after purchasing an additional 2,503 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in American International Group by 2.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 261,750 shares of the insurance provider's stock worth $19,055,000 after buying an additional 7,278 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in American International Group by 6.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 107,499 shares of the insurance provider's stock worth $7,825,000 after buying an additional 6,502 shares during the last quarter. Finally, Independent Advisor Alliance boosted its holdings in American International Group by 56.0% in the 4th quarter. Independent Advisor Alliance now owns 16,211 shares of the insurance provider's stock worth $1,180,000 after buying an additional 5,818 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Trading Down 0.9%

AIG traded down $0.71 during trading hours on Friday, reaching $81.75. The company's stock had a trading volume of 3,324,217 shares, compared to its average volume of 4,365,642. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The stock has a market cap of $47.12 billion, a PE ratio of -30.73, a P/E/G ratio of 0.90 and a beta of 0.63. The business's 50-day moving average is $83.84 and its 200-day moving average is $80.26. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.13. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. The firm had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.89 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. As a group, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.20%. American International Group's dividend payout ratio is currently -67.67%.

Insider Buying and Selling

In related news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $83.26, for a total value of $3,845,113.32. Following the transaction, the executive vice president directly owned 21,400 shares in the company, valued at approximately $1,781,764. This represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

AIG has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price objective on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on American International Group to $91.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Evercore ISI lifted their price objective on American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a report on Tuesday, April 1st. Jefferies Financial Group lifted their price objective on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, Morgan Stanley lifted their price objective on American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, American International Group has an average rating of "Moderate Buy" and an average price target of $88.12.

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.