20,550 Shares in American International Group, Inc. (NYSE:AIG) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new stake in American International Group, Inc. (NYSE:AIG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,550 shares of the insurance provider's stock, valued at approximately $1,496,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Artemis Investment Management LLP increased its stake in American International Group by 115.9% during the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock valued at $19,965,000 after acquiring an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. increased its position in shares of American International Group by 5.2% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock valued at $5,155,000 after purchasing an additional 3,490 shares during the period. Jones Financial Companies Lllp raised its stake in shares of 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 in the last quarter. Merit Financial Group LLC acquired a new position in shares of American International Group in the fourth quarter valued at $1,260,000. Finally, Williams & Novak LLC bought a new position in American International Group in the fourth quarter worth $279,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Christopher Flatt sold 46,182 shares of American International Group 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 completion of the transaction, the executive vice president now owns 21,400 shares of the company's stock, valued at $1,781,764. This trade represents a 68.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted 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. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $91.00 target price (up previously from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Barclays raised their price target on shares of American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. The Goldman Sachs Group increased their price objective on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Finally, Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.12.

American International Group Trading Down 1.7%

American International Group stock traded down $1.43 during midday trading on Wednesday, hitting $82.65. 2,644,073 shares of the stock were exchanged, compared to its average volume of 4,410,730. The stock has a market capitalization of $47.63 billion, a PE ratio of -39.74, a P/E/G ratio of 1.01 and a beta of 0.69. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $82.60 and a two-hundred day simple moving average of $77.85.

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, beating 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 business had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.89 billion. During the same period in the previous year, the firm posted $1.25 EPS. Equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.45 dividend. This is a positive change from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, June 13th. American International Group's payout ratio is presently -67.67%.

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.