American International Group, Inc. (NYSE:AIG) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in American International Group, Inc. (NYSE:AIG - Free Report) by 175.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 181,810 shares of the insurance provider's stock after acquiring an additional 115,706 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in American International Group were worth $15,807,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AIG. Duncker Streett & Co. Inc. purchased a new position in shares of American International Group in the fourth quarter worth $25,000. Ameriflex Group Inc. acquired a new position in shares of American International Group in the 4th quarter valued at $29,000. BankPlus Trust Department purchased a new position in American International Group in the 4th quarter worth $36,000. Whipplewood Advisors LLC acquired a new stake in American International Group during the 4th quarter worth about $40,000. Finally, NBC Securities Inc. purchased a new stake in American International Group during the 1st quarter valued at about $47,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Price Performance

AIG stock traded up $1.20 during mid-day trading on Thursday, reaching $85.10. 5,110,677 shares of the company's stock were exchanged, compared to its average volume of 4,377,392. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The stock's 50 day moving average is $83.37 and its 200 day moving average is $79.34. The company has a market cap of $49.05 billion, a price-to-earnings ratio of -31.99, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.13. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same period in the prior year, the company posted $1.25 EPS. On average, research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.45 dividend. This is a positive change from American International Group's previous quarterly dividend of $0.40. The ex-dividend date is Friday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 2.12%. American International Group's dividend payout ratio (DPR) is -67.67%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AIG. The Goldman Sachs Group raised their price objective on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Evercore ISI increased their price target on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods lifted their price objective on shares of American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. HSBC raised shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective on the stock in a report on Wednesday, March 5th. Finally, Barclays raised their target price on shares of American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and a consensus target price of $88.12.

Insider Activity

In related news, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction dated Monday, May 5th. The stock was 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 directly owns 21,400 shares in the company, valued at approximately $1,781,764. The trade was a 68.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company 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.