IFM Investors Pty Ltd Purchases 12,098 Shares of American International Group, Inc. (NYSE:AIG)

IFM Investors Pty Ltd increased its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 9.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 144,244 shares of the insurance provider's stock after acquiring an additional 12,098 shares during the quarter. IFM Investors Pty Ltd's holdings in American International Group were worth $12,541,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Capital Research Global Investors grew its holdings in shares of American International Group by 1.4% during the fourth quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock valued at $2,540,050,000 after buying an additional 482,724 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of American International Group by 7.2% in 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 during the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of American International Group by 3.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock worth $1,029,905,000 after buying an additional 461,912 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of American International Group by 14.0% in the fourth quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after purchasing an additional 1,284,354 shares during the period. Finally, Norges Bank bought a new position in shares of American International Group in the fourth quarter worth about $718,013,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Price Performance

Shares of AIG traded up $0.22 on Tuesday, hitting $83.25. The company's stock had a trading volume of 2,343,563 shares, compared to its average volume of 4,379,169. The company has a 50 day moving average price of $83.79 and a 200 day moving average price of $80.09. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $47.98 billion, a PE ratio of -31.30, a PEG ratio of 0.91 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.13. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.89 billion. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. During the same quarter in the prior year, the business earned $1.25 EPS. On average, research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.16%. This is an increase from American International Group's previous quarterly dividend of $0.40. American International Group's dividend payout ratio is -67.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AIG shares. Morgan Stanley boosted their price target on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. 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. Barclays boosted their price target on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Evercore ISI boosted their price target on 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. Finally, Wells Fargo & Company boosted their price target on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $88.12.

Insider Buying and Selling at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the stock in a transaction 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 owned 21,400 shares of the company's stock, valued at $1,781,764. This represents a 68.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by company insiders.

About American International Group

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.