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

Wealth Enhancement Advisory Services LLC increased its position in American International Group, Inc. (NYSE:AIG - Free Report) by 175.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AIG. Duncker Streett & Co. Inc. acquired a new stake in American International Group during the 4th quarter valued at $25,000. Ameriflex Group Inc. acquired a new stake in American International Group during the 4th quarter valued at $29,000. BankPlus Trust Department acquired a new stake in American International Group during the 4th quarter valued at $36,000. Whipplewood Advisors LLC acquired a new stake in American International Group during the 4th quarter valued at $40,000. Finally, NBC Securities Inc. acquired a new stake in American International Group during the 1st quarter valued at $47,000. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Down 0.4%

Shares of NYSE AIG traded down $0.33 during midday trading on Tuesday, reaching $85.49. 3,150,375 shares of the company's stock were exchanged, compared to its average volume of 4,384,927. 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 $49.27 billion, a PE ratio of -32.14, a price-to-earnings-growth ratio of 0.93 and a beta of 0.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 0.64. The business's fifty day moving average price is $83.24 and its two-hundred day moving average price is $79.27.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $6.89 billion. During the same period in the previous year, the company earned $1.25 earnings per share. Analysts forecast that American International Group, Inc. will post 6.24 EPS 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. Investors of record on Friday, June 13th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.11%. This is an increase from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, June 13th. American International Group's dividend payout ratio (DPR) is -67.67%.

Insider Buying and Selling

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 completion of the transaction, the executive vice president now directly owns 21,400 shares in the company, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

AIG has been the topic of a number of analyst reports. The Goldman Sachs Group increased their target price on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Wells Fargo & Company raised their price objective on American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Jefferies Financial Group raised their price objective on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods raised their price objective on American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, BMO Capital Markets raised their price objective on American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a report on Thursday, March 13th. Nine equities research 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.12.

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.