American International Group, Inc. (NYSE:AIG) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC increased its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,113 shares of the insurance provider's stock after purchasing an additional 9,585 shares during the quarter. ProShare Advisors LLC's holdings in American International Group were worth $9,982,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantinno Capital Management LP lifted its holdings in shares of American International Group by 38.3% in the 4th quarter. Quantinno Capital Management LP now owns 120,148 shares of the insurance provider's stock worth $8,747,000 after acquiring an additional 33,260 shares during the last quarter. Mufg Securities Americas Inc. acquired a new position in American International Group during the fourth quarter worth $670,000. Nomura Holdings Inc. purchased a new position in shares of American International Group during the fourth quarter worth $1,496,000. Nearwater Capital Markets Ltd acquired a new stake in shares of American International Group in the fourth quarter valued at $13,832,000. Finally, NorthRock Partners LLC raised its holdings in shares of American International Group by 51.8% in the 4th quarter. NorthRock Partners LLC now owns 10,220 shares of the insurance provider's stock valued at $744,000 after buying an additional 3,486 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. HSBC upgraded shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target on the stock in a research note on Wednesday, March 5th. Morgan Stanley raised 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 research report on Monday. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Evercore ISI boosted their target price on American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $91.00 target price (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, American International Group presently has an average rating of "Moderate Buy" and an average target price of $88.12.

American International Group Price Performance

AIG traded down $0.32 during trading on Tuesday, reaching $84.02. 2,167,124 shares of the stock were exchanged, compared to its average volume of 4,417,798. The company has a market capitalization of $48.42 billion, a price-to-earnings ratio of -40.39, a P/E/G ratio of 1.01 and a beta of 0.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The business's 50 day moving average price is $82.60 and its two-hundred day moving average price is $77.85.

American International Group (NYSE:AIG - Get Free Report) last released its 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 business had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.89 billion. During the same period last year, the company earned $1.25 earnings per share. As a group, equities research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid 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 2.14%. The ex-dividend date of this dividend is Friday, June 13th. American International Group's payout ratio is currently -67.67%.

Insider Transactions at American International Group

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

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.