Worldquant Millennium Advisors LLC Purchases 113,532 Shares of American International Group, Inc. (NYSE:AIG)

Worldquant Millennium Advisors LLC lifted its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 476,556 shares of the insurance provider's stock after acquiring an additional 113,532 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.08% of American International Group worth $34,693,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Research Global Investors grew its position in shares of American International Group by 1.4% in the 4th quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock valued at $2,540,050,000 after acquiring an additional 482,724 shares during the period. Wellington Management Group LLP lifted its stake in American International Group by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock valued at $1,951,427,000 after purchasing an additional 1,791,964 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in American International Group by 3.4% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock valued at $1,029,905,000 after purchasing an additional 461,912 shares during the last quarter. Franklin Resources Inc. grew its holdings in American International Group by 14.0% during the fourth quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after purchasing an additional 1,284,354 shares during the period. Finally, Norges Bank acquired a new position in American International Group during the fourth quarter worth approximately $718,013,000. Institutional investors own 90.60% of the company's stock.

Insider Activity at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the firm'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 value of $3,845,113.32. Following the sale, the executive vice president now owns 21,400 shares in the company, valued at $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 at this link. 0.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AIG shares. Deutsche Bank Aktiengesellschaft lifted their target price on American International Group to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Wells Fargo & Company increased their price objective on shares of American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Barclays lifted their target price on shares of American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Morgan Stanley increased their price target on shares of American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, HSBC raised American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price for the company in a report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $88.12.

American International Group Price Performance

Shares of American International Group stock traded down $0.40 on Monday, reaching $81.62. 3,313,907 shares of the stock were exchanged, compared to its average volume of 4,428,725. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $47.04 billion, a PE ratio of -39.24, a P/E/G ratio of 1.01 and a beta of 0.69. The firm's 50 day moving average is $82.50 and its 200-day moving average is $77.98. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.04 by $0.13. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. The business 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 business earned $1.25 earnings per share. As a group, analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, June 13th. This is a positive change from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.21%. American International Group's dividend payout ratio (DPR) is -67.67%.

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.