Envestnet Asset Management Inc. Buys 42,743 Shares of American International Group, Inc. (NYSE:AIG)

Envestnet Asset Management Inc. increased its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,231,082 shares of the insurance provider's stock after purchasing an additional 42,743 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.21% of American International Group worth $107,030,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors grew its position in 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 worth $2,540,050,000 after purchasing an additional 482,724 shares in the last quarter. Wellington Management Group LLP grew its position in shares of American International Group by 7.2% during 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 during the period. Diamond Hill Capital Management Inc. grew its position in shares of American International Group by 3.4% during 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 during the period. Bank of New York Mellon Corp grew its position in shares of American International Group by 20.4% during the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider's stock valued at $974,840,000 after acquiring an additional 1,901,998 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of American International Group by 14.0% during 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 during the period. 90.60% of the stock is owned by institutional investors.

American International Group Trading Down 0.9%

Shares of AIG stock traded down $0.71 on Friday, hitting $81.75. 3,324,217 shares of the company's stock traded hands, compared to its average volume of 4,369,153. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 0.64. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The company's fifty day simple moving average is $83.84 and its 200 day simple moving average is $80.31. The stock has a market capitalization of $47.12 billion, a price-to-earnings ratio of -30.73, a P/E/G ratio of 0.90 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.04 by $0.13. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. The firm had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. During the same period last year, the company posted $1.25 EPS. Equities analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.45 per share. 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%. The ex-dividend date was Friday, June 13th. American International Group's dividend payout ratio (DPR) is -67.67%.

Wall Street Analyst Weigh In

AIG has been the topic of a number of recent research reports. JPMorgan Chase & Co. restated a "neutral" rating and set a $91.00 price target (up from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Evercore ISI upped their price target 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. The Goldman Sachs Group upped their price target on shares of American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Jefferies Financial Group increased their target price on shares of American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Finally, Morgan Stanley increased their target price on shares of American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Nine equities research 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 company's stock. Based on data from MarketBeat.com, American International Group currently has a consensus rating of "Moderate Buy" and an average price target of $88.12.

Insider Transactions at American International Group

In related 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 transaction of $3,845,113.32. Following the completion of the transaction, the executive vice president directly owned 21,400 shares of the company's stock, 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 SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by company 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.