Mutual Advisors LLC Buys New Position in American International Group, Inc. (NYSE:AIG)

Mutual Advisors LLC bought a new stake in American International Group, Inc. (NYSE:AIG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,068 shares of the insurance provider's stock, valued at approximately $249,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of American International Group in the fourth quarter worth $1,091,000. Proficio Capital Partners LLC increased its stake in American International Group by 35.9% in the 4th quarter. Proficio Capital Partners LLC now owns 9,481 shares of the insurance provider's stock valued at $690,000 after buying an additional 2,503 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of American International Group by 2.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 261,750 shares of the insurance provider's stock worth $19,055,000 after purchasing an additional 7,278 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in American International Group by 6.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 107,499 shares of the insurance provider's stock valued at $7,825,000 after buying an additional 6,502 shares during the last quarter. Finally, Independent Advisor Alliance grew its position in American International Group by 56.0% in the 4th quarter. Independent Advisor Alliance now owns 16,211 shares of the insurance provider's stock worth $1,180,000 after purchasing an additional 5,818 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

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 dated Monday, May 5th. The shares were sold at an average price of $83.26, for a total value of $3,845,113.32. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

American International Group Stock Down 0.9%

Shares of NYSE AIG traded down $0.71 during mid-day trading on Friday, reaching $81.75. The company had a trading volume of 3,324,217 shares, compared to its average volume of 4,365,642. The stock has a fifty day moving average of $83.84 and a two-hundred day moving average of $80.26. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The company has a market capitalization of $47.12 billion, a price-to-earnings ratio of -30.73, a PEG ratio of 0.90 and a beta of 0.63. 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 (NYSE:AIG - Get Free Report) last released its quarterly 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 negative net margin of 7.05% and a positive return on equity of 7.13%. The firm 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 business earned $1.25 earnings per share. As a group, equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given 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 yield of 2.20%. This is an increase from American International Group's previous quarterly dividend of $0.40. American International Group's dividend payout ratio (DPR) is -67.67%.

Analysts Set New Price Targets

AIG has been the topic of several analyst reports. Wells Fargo & Company increased their price objective on shares of American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. 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 report on Monday, May 19th. 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 note on Tuesday, April 1st. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $91.00 price objective (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Finally, Evercore ISI raised their price objective 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. Nine investment 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 company. According to MarketBeat, American International Group presently has an average rating of "Moderate Buy" and an average target price of $88.12.

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.