Raiffeisen Bank International AG Takes Position in American International Group, Inc. (NYSE:AIG)

Raiffeisen Bank International AG purchased a new position in American International Group, Inc. (NYSE:AIG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,074 shares of the insurance provider's stock, valued at approximately $513,000.

Other institutional investors have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. grew its position in shares of American International Group by 91.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 31,050 shares of the insurance provider's stock worth $2,260,000 after buying an additional 14,794 shares during the period. Empirical Asset Management LLC bought a new stake in American International Group during the fourth quarter worth about $1,308,000. Avanza Fonder AB purchased a new stake in American International Group in the fourth quarter worth about $3,150,000. Merit Financial Group LLC purchased a new stake in American International Group in the fourth quarter worth about $1,260,000. Finally, Arkadios Wealth Advisors increased its stake in shares of American International Group by 13.8% during the fourth quarter. Arkadios Wealth Advisors now owns 3,373 shares of the insurance provider's stock valued at $246,000 after purchasing an additional 408 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

Shares of NYSE AIG traded down $0.22 during trading on Friday, reaching $81.80. 786,660 shares of the company traded hands, compared to its average volume of 4,403,284. The firm has a 50 day simple moving average of $82.55 and a 200-day simple moving average of $77.92. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The stock has a market capitalization of $47.14 billion, a PE ratio of -39.33, a P/E/G ratio of 1.01 and a beta of 0.69. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last issued 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 company had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.89 billion. During the same quarter last year, the company posted $1.25 earnings per share. 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 company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.45 dividend. This is an increase from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, June 13th. American International Group's dividend payout ratio (DPR) is -67.67%.

Analysts Set New Price Targets

A number of brokerages have recently commented on AIG. Keefe, Bruyette & Woods boosted their price target on American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft boosted their target price on American International Group to $91.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Morgan Stanley raised 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. UBS Group dropped their price target on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Finally, BMO Capital Markets increased their price objective on shares of American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research report on Thursday, March 13th. Nine equities research 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $88.12.

Insider Buying and Selling

In other news, EVP Christopher Flatt sold 46,182 shares of the 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 transaction, the executive vice president now owns 21,400 shares in the company, valued at $1,781,764. This represents a 68.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by corporate insiders.

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.