State of Wyoming Takes $349,000 Position in American International Group, Inc. (NYSE:AIG)

State of Wyoming acquired a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,795 shares of the insurance provider's stock, valued at approximately $349,000.

Other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors raised its holdings in American International Group by 1.4% in the fourth quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock valued at $2,540,050,000 after acquiring an additional 482,724 shares in the last quarter. Wellington Management Group LLP raised its holdings in American International Group by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock valued at $1,951,427,000 after acquiring an additional 1,791,964 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in American International Group by 3.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock valued at $1,029,905,000 after acquiring an additional 461,912 shares in the last quarter. Franklin Resources Inc. raised its holdings in American International Group by 14.0% in the fourth quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock valued at $760,528,000 after acquiring an additional 1,284,354 shares in the last quarter. Finally, Norges Bank acquired a new stake in American International Group in the fourth quarter valued at $718,013,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on AIG. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. BMO Capital Markets increased their target price on shares of American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a report on Thursday, March 13th. Jefferies Financial Group increased their target price on shares of American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, April 11th. HSBC raised shares of 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. Finally, Barclays upped 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 report on Friday, May 2nd. Nine 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $88.12.

American International Group Stock Up 1.2%

Shares of AIG stock traded up $1.01 during trading on Tuesday, hitting $82.63. 404,948 shares of the company were exchanged, compared to its average volume of 4,412,971. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $47.62 billion, a price-to-earnings ratio of -39.72, a P/E/G ratio of 1.01 and a beta of 0.69. The business's 50-day simple moving average is $82.46 and its 200 day simple moving average is $78.02. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.04 by $0.13. The business had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. During the same period last year, the company posted $1.25 earnings per share. As a group, analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

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

Insider Activity at American International Group

In related 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 transaction of $3,845,113.32. Following the transaction, the executive vice president now owns 21,400 shares of the company's stock, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company's stock.

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.