KBC Group NV Boosts Stock Position in American International Group, Inc. (NYSE:AIG)

KBC Group NV increased its position in American International Group, Inc. (NYSE:AIG - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 308,268 shares of the insurance provider's stock after purchasing an additional 18,362 shares during the period. KBC Group NV owned 0.05% of American International Group worth $26,801,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of American International Group in the 4th quarter worth about $1,091,000. IFP Advisors Inc grew its holdings in American International Group by 36.6% in the fourth quarter. IFP Advisors Inc now owns 2,137 shares of the insurance provider's stock worth $156,000 after purchasing an additional 573 shares during the period. SVB Wealth LLC bought a new position in shares of American International Group during the fourth quarter valued at approximately $423,000. Fisher Asset Management LLC lifted its holdings in shares of American International Group by 8.7% during the fourth quarter. Fisher Asset Management LLC now owns 4,321 shares of the insurance provider's stock valued at $315,000 after purchasing an additional 347 shares during the last quarter. Finally, Metis Global Partners LLC boosted its position in shares of American International Group by 2.3% in the 4th quarter. Metis Global Partners LLC now owns 21,326 shares of the insurance provider's stock worth $1,553,000 after purchasing an additional 485 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

American International Group Trading Up 0.3%

Shares of AIG stock traded up $0.22 on Friday, hitting $82.58. 2,804,218 shares of the stock traded hands, compared to its average volume of 4,376,481. The stock has a market capitalization of $47.59 billion, a PE ratio of -31.04, a PEG ratio of 0.91 and a beta of 0.63. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 0.64. The firm's 50-day moving average price is $83.74 and its two-hundred day moving average price is $79.81.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results 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 company had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. During the same period last year, the business posted $1.25 EPS. As a group, analysts anticipate 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 issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.18%. This is an increase from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, June 13th. American International Group's dividend payout ratio is -67.67%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their target price on American International Group to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. The Goldman Sachs Group increased their price objective on shares of American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Barclays lifted their target price on shares of American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Morgan Stanley increased their price target on shares of American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Keefe, Bruyette & Woods raised their price target on shares of American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $88.12.

Insider Buying and Selling

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president owned 21,400 shares of the company's stock, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by corporate 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.