Mirae Asset Global Investments Co. Ltd. Has $5.12 Million Stock Position in American International Group, Inc. (NYSE:AIG)

Mirae Asset Global Investments Co. Ltd. increased its position in American International Group, Inc. (NYSE:AIG - Free Report) by 17.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,232 shares of the insurance provider's stock after acquiring an additional 9,061 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in American International Group were worth $5,120,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AIG. Wealth Enhancement Advisory Services LLC lifted its position in American International Group by 175.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock worth $15,807,000 after buying an additional 115,706 shares during the last quarter. Jones Financial Companies Lllp grew its stake in American International Group by 54.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock valued at $924,000 after purchasing an additional 4,468 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in American International Group by 2.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider's stock worth $1,445,000 after purchasing an additional 355 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of American International Group by 34.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,161 shares of the insurance provider's stock worth $813,000 after acquiring an additional 2,874 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of American International Group by 18.6% during the first quarter. GAMMA Investing LLC now owns 13,187 shares of the insurance provider's stock worth $1,146,000 after acquiring an additional 2,069 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on AIG. 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 report on Monday, May 19th. Jefferies Financial Group increased their price target on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, April 11th. 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. Wells Fargo & Company increased their price target 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. Finally, BMO Capital Markets increased their price objective on American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a report on Thursday, March 13th. 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.12.

American International Group Stock Up 0.3%

Shares of NYSE:AIG traded up $0.22 during midday trading on Friday, hitting $82.58. 2,804,218 shares of the stock were exchanged, compared to its average volume of 4,376,481. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The business's fifty day simple moving average is $83.77 and its two-hundred day simple moving average is $79.89. 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 company has a market capitalization of $47.59 billion, a PE ratio of -31.04, a P/E/G 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 EPS for the quarter, topping 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 business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. During the same period in the previous year, the company posted $1.25 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a $0.45 dividend. This is an increase from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, June 13th. American International Group's payout ratio is presently -67.67%.

Insider Transactions at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the transaction, the executive vice president owned 21,400 shares of the company's stock, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company's stock.

American International Group Company 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.