Sumitomo Mitsui DS Asset Management Company Ltd Acquires 5,164 Shares of American International Group, Inc. (NYSE:AIG)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,438 shares of the insurance provider's stock after purchasing an additional 5,164 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in American International Group were worth $7,341,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in shares of American International Group in the fourth quarter valued at $29,000. NBC Securities Inc. acquired a new stake in American International Group in the 1st quarter valued at about $47,000. Colonial Trust Co SC increased its position in American International Group by 150.2% in the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock valued at $54,000 after acquiring an additional 443 shares in the last quarter. True Wealth Design LLC raised its stake in shares of American International Group by 159.6% in the fourth quarter. True Wealth Design LLC now owns 1,041 shares of the insurance provider's stock worth $76,000 after acquiring an additional 640 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of American International Group by 359.9% during the first quarter. Versant Capital Management Inc now owns 1,113 shares of the insurance provider's stock worth $97,000 after purchasing an additional 871 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

Insider Activity

In related news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the sale, the executive vice president owned 21,400 shares of the company's stock, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by company insiders.

American International Group Trading Up 0.3%

Shares of AIG stock traded up $0.22 on Friday, reaching $82.58. The company had a trading volume of 2,804,218 shares, compared to its average volume of 4,376,481. The stock has a market cap of $47.59 billion, a PE ratio of -31.04, a PEG ratio of 0.91 and a beta of 0.63. The company has a 50-day moving average of $83.77 and a 200-day moving average of $79.89. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.13. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. The firm had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. During the same quarter in the previous year, the company earned $1.25 earnings per share. On average, equities analysts forecast 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 was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a $0.45 dividend. This is a positive change from American International Group's previous quarterly dividend of $0.40. The ex-dividend date was Friday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 2.18%. American International Group's payout ratio is -67.67%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Jefferies Financial Group increased their price objective on American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, April 11th. The Goldman Sachs Group lifted their target price on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods upped their price target on American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, BMO Capital Markets lifted their price objective 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 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 stock. According to data from MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and a consensus price target of $88.12.

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.