World Investment Advisors Has $810,000 Stock Position in American International Group, Inc. (NYSE:AIG)

World Investment Advisors raised its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 61.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new stake in shares of American International Group in the fourth quarter valued at approximately $29,000. NBC Securities Inc. bought a new stake in shares of American International Group in the first quarter valued at approximately $47,000. Colonial Trust Co SC boosted its position in shares of 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 acquiring an additional 443 shares during the period. True Wealth Design LLC boosted its position in shares of 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 acquiring an additional 640 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of 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 acquiring an additional 871 shares during the period. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Price Performance

Shares of NYSE:AIG traded down $0.71 during midday trading on Friday, reaching $81.75. The company's stock had a trading volume of 3,324,210 shares, compared to its average volume of 4,364,654. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The company has a market capitalization of $47.12 billion, a P/E ratio of -30.73, a P/E/G ratio of 0.91 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64. The business's fifty day simple moving average is $83.88 and its 200-day simple moving average is $80.20.

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, 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 analyst estimates of $6.89 billion. During the same period last year, the company posted $1.25 earnings per share. As a group, equities 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 announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.45 dividend. The ex-dividend date was Friday, June 13th. This is a positive change 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 2.20%. American International Group's dividend payout ratio (DPR) is -67.67%.

Analyst Ratings Changes

Several research analysts recently commented on the company. BMO Capital Markets raised their target price on American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $91.00 target price (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. The Goldman Sachs Group raised their target price on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Evercore ISI raised their target price on American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research report on Tuesday, April 1st. Finally, Barclays raised their target price on American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, American International Group currently has an average rating of "Moderate Buy" and an average target price of $88.12.

Insider Buying and Selling at American International Group

In other news, EVP Christopher Flatt sold 46,182 shares of the firm's stock in a transaction on 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 sale, the executive vice president directly owned 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 sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.50% of the company's stock.

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.