GAMMA Investing LLC Increases Stake in American International Group, Inc. (NYSE:AIG)

GAMMA Investing LLC grew its position in American International Group, Inc. (NYSE:AIG - Free Report) by 10,211.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,146,478 shares of the insurance provider's stock after acquiring an additional 1,135,360 shares during the quarter. GAMMA Investing LLC owned about 0.19% of American International Group worth $99,675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in American International Group during the fourth quarter worth approximately $718,013,000. Balyasny Asset Management L.P. purchased a new position in American International Group during the fourth quarter worth approximately $135,325,000. Wellington Management Group LLP lifted its position in American International Group by 7.2% during the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after buying an additional 1,791,964 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in American International Group by 2,134.0% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,426,985 shares of the insurance provider's stock worth $103,885,000 after buying an additional 1,363,108 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in American International Group during the fourth quarter worth approximately $95,074,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insider Activity at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 21,400 shares of the company's stock, valued at $1,781,764. This represents 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. Insiders own 0.61% of the company's stock.

American International Group Stock Up 0.4%

Shares of AIG traded up $0.30 during midday trading on Thursday, reaching $85.31. The stock had a trading volume of 2,838,764 shares, compared to its average volume of 4,415,904. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. The company's fifty day simple moving average is $82.49 and its two-hundred day simple moving average is $78.47. The company has a market cap of $49.17 billion, a price-to-earnings ratio of -41.02, a PEG ratio of 1.01 and a beta of 0.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.13. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates 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 period last year, the business earned $1.25 EPS. Equities research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.45 dividend. The ex-dividend date of this dividend is 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 dividend yield of 2.11%. American International Group's dividend payout ratio is -67.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. The Goldman Sachs Group lifted their target price on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. BMO Capital Markets lifted their target price on American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research report on Thursday, March 13th. Wells Fargo & Company lifted their target price on 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. Morgan Stanley lifted their target price on 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, HSBC upgraded American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price on the stock in a research report on Wednesday, March 5th. 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. According to data from MarketBeat, the company presently 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.