American International Group, Inc. (NYSE:AIG) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,813,138 shares of the insurance provider's stock after purchasing an additional 519,715 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.77% of American International Group worth $350,396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIG. Arkadios Wealth Advisors increased its position in American International Group by 13.8% during the 4th quarter. Arkadios Wealth Advisors now owns 3,373 shares of the insurance provider's stock worth $246,000 after purchasing an additional 408 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of American International Group by 21.5% during the 4th quarter. UMB Bank n.a. now owns 1,793 shares of the insurance provider's stock worth $131,000 after purchasing an additional 317 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of American International Group by 3.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 40,481 shares of the insurance provider's stock worth $2,947,000 after purchasing an additional 1,205 shares during the period. Atomi Financial Group Inc. lifted its stake in shares of American International Group by 17.0% during the 4th quarter. Atomi Financial Group Inc. now owns 10,293 shares of the insurance provider's stock worth $749,000 after purchasing an additional 1,499 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of American International Group by 3.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 240,885 shares of the insurance provider's stock worth $17,536,000 after purchasing an additional 8,558 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AIG shares. UBS Group reduced their price target on 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. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Jefferies Financial Group boosted their target price on shares of American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, April 11th. Wells Fargo & Company boosted their target price 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. Finally, Evercore ISI boosted their target price on shares of American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a report on Tuesday, April 1st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.12.

American International Group Stock Down 0.5%

NYSE AIG traded down $0.40 during trading hours on Friday, hitting $81.62. The company had a trading volume of 3,313,907 shares, compared to its average volume of 4,428,725. The firm's 50 day moving average is $82.50 and its 200 day moving average is $77.97. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $47.04 billion, a price-to-earnings ratio of -39.24, a P/E/G ratio of 1.01 and a beta of 0.69.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping analysts' consensus estimates 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 company posted $1.25 earnings per share. Sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share 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. Shareholders of record on Friday, June 13th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.21%. 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 -67.67%.

Insider Buying and Selling at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the company's 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 sale, the executive vice president now owns 21,400 shares in the company, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

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.