World Investment Advisors Raises Stake in American International Group, Inc. (NYSE:AIG)

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

A number of other institutional investors and hedge funds have also bought and sold shares of AIG. Ameriflex Group Inc. purchased a new position in American International Group in the fourth quarter valued at about $29,000. NBC Securities Inc. purchased a new position in American International Group in the first quarter valued at about $47,000. Colonial Trust Co SC grew its stake in American International Group by 150.2% in the fourth quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock valued at $54,000 after purchasing an additional 443 shares during the last quarter. True Wealth Design LLC grew its stake in American International Group by 159.6% in the fourth quarter. True Wealth Design LLC now owns 1,041 shares of the insurance provider's stock valued at $76,000 after purchasing an additional 640 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in American International Group by 359.9% in the first quarter. Versant Capital Management Inc now owns 1,113 shares of the insurance provider's stock valued at $97,000 after purchasing an additional 871 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Stock Performance

NYSE:AIG traded down $0.62 during trading hours on Thursday, reaching $82.45. The company had a trading volume of 581,021 shares, compared to its average volume of 4,593,171. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. The firm has a market cap of $47.52 billion, a PE ratio of -31.00, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63. The business's 50 day moving average price is $83.84 and its 200-day moving average price is $80.13. 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 (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same period in the previous year, the company posted $1.25 earnings per share. Research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.18%. This is an increase from American International Group's previous quarterly dividend of $0.40. The ex-dividend date was Friday, June 13th. American International Group's dividend payout ratio is presently -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 that occurred on Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the completion of the transaction, the executive vice president directly owned 21,400 shares of the company's stock, valued at $1,781,764. This represents a 68.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Evercore ISI boosted their price target on American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research note on Tuesday, April 1st. Morgan Stanley boosted their price target on American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. restated a "neutral" rating and set a $91.00 price target (up previously from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Jefferies Financial Group boosted their price target on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods boosted their price target on American International Group from $94.00 to $97.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, American International Group has an average rating of "Moderate Buy" and an average price target of $88.12.

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.