19,764 Shares in American International Group, Inc. (NYSE:AIG) Purchased by Neo Ivy Capital Management

Neo Ivy Capital Management acquired a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,764 shares of the insurance provider's stock, valued at approximately $1,438,000.

Several other large investors have also bought and sold shares of AIG. Duncker Streett & Co. Inc. bought a new stake in American International Group in the 4th quarter valued at about $25,000. Asset Planning Inc bought a new stake in American International Group in the 4th quarter valued at about $26,000. BankPlus Trust Department bought a new stake in American International Group in the 4th quarter valued at about $36,000. Whipplewood Advisors LLC purchased a new position in American International Group during the 4th quarter valued at about $40,000. Finally, Colonial Trust Co SC grew its holdings in American International Group by 150.2% during the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock valued at $54,000 after buying an additional 443 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Price Performance

AIG stock traded up $0.40 during trading on Thursday, hitting $83.14. 746,920 shares of the stock traded hands, compared to its average volume of 4,406,474. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The stock has a market cap of $47.92 billion, a price-to-earnings ratio of -39.96, a P/E/G ratio of 1.01 and a beta of 0.69. The company has a 50 day simple moving average of $82.44 and a 200 day simple moving average of $78.09. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings results 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. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. 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 prior year, the firm posted $1.25 earnings per share. Equities analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.45 per share. This is an increase from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Friday, June 13th. American International Group's payout ratio is currently -67.67%.

Insider Buying and Selling at American International Group

In other 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 value of $3,845,113.32. Following the sale, the executive vice president now directly owns 21,400 shares in the company, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

AIG has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price on the stock in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft raised their price objective on American International Group to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $91.00 price objective (up previously from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Finally, BMO Capital Markets increased their target price on American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research report on Thursday, March 13th. 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.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.