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 62.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,104 shares of the insurance provider's stock after acquiring an additional 25,458 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in American International Group were worth $4,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AIG. NorthCrest Asset Manangement LLC lifted its holdings in shares of American International Group by 0.9% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 19,737 shares of the insurance provider's stock worth $1,437,000 after purchasing an additional 169 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in American International Group during the 4th quarter worth approximately $28,113,000. Integrated Advisors Network LLC lifted its stake in American International Group by 1.0% during the 4th quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider's stock valued at $1,188,000 after acquiring an additional 161 shares during the period. Ameriflex Group Inc. acquired a new stake in American International Group during the 4th quarter valued at approximately $29,000. Finally, Challenger Wealth Management purchased a new stake in shares of American International Group in the 4th quarter valued at $269,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Analyst Ratings Changes

AIG has been the subject of several recent research reports. Evercore ISI raised their target price 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. The Goldman Sachs Group lifted their price objective 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. UBS Group lowered their target price 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 raised 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, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $91.00 price target (up from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and an average target price of $88.12.

Insider Activity

In related 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 transaction of $3,845,113.32. Following the completion of the sale, the executive vice president now owns 21,400 shares of the company's stock, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.61% of the company's stock.

American International Group Price Performance

NYSE:AIG traded down $0.49 during trading hours on Wednesday, reaching $85.06. 3,686,768 shares of the company were exchanged, compared to its average volume of 4,422,375. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market cap of $49.02 billion, a PE ratio of -40.89, a price-to-earnings-growth ratio of 1.01 and a beta of 0.64. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The stock's 50-day moving average is $82.49 and its 200-day moving average is $78.36.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.13. The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates 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 EPS. On average, 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.45 per share. 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 dividend on an annualized basis and a dividend yield of 2.12%. American International Group's dividend payout ratio is presently -67.67%.

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.