World Investment Advisors Increases Stock Position in American International Group, Inc. (NYSE:AIG)

World Investment Advisors raised its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 61.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,315 shares of the insurance provider's stock after buying an additional 3,528 shares during the period. World Investment Advisors' holdings in American International Group were worth $810,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ameriflex Group Inc. acquired a new position in shares of American International Group during the fourth quarter worth $29,000. NBC Securities Inc. acquired a new position in shares of American International Group during the first quarter worth $47,000. Colonial Trust Co SC lifted its holdings in shares of American International Group by 150.2% during the fourth quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock worth $54,000 after purchasing an additional 443 shares during the period. True Wealth Design LLC lifted its holdings in shares of American International Group by 159.6% during the fourth quarter. True Wealth Design LLC now owns 1,041 shares of the insurance provider's stock worth $76,000 after purchasing an additional 640 shares during the period. Finally, Versant Capital Management Inc raised its stake in 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 buying an additional 871 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Down 0.8%

American International Group stock traded down $0.64 during midday trading on Thursday, hitting $82.43. 3,287,089 shares of the stock were exchanged, compared to its average volume of 4,368,816. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $47.51 billion, a price-to-earnings ratio of -30.99, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The business's 50-day moving average price is $83.84 and its 200-day moving average price is $80.13.

American International Group (NYSE:AIG - Get Free Report) last released its 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. 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 the consensus estimate of $6.89 billion. During the same period in the prior year, the firm earned $1.25 EPS. On average, research analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $0.45 per share. This is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Friday, June 13th. American International Group's dividend payout ratio is presently -67.67%.

Insider Activity at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president owned 21,400 shares of the company's stock, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

AIG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of American International Group to $91.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. JPMorgan Chase & Co. restated a "neutral" rating and issued a $91.00 target price (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. The Goldman Sachs Group boosted their target price on shares of American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. 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. Finally, 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. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, American International Group currently has an average rating of "Moderate Buy" and an average target price 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.