First Trust Advisors LP Increases Position in American International Group, Inc. (NYSE:AIG)

First Trust Advisors LP lifted its position in American International Group, Inc. (NYSE:AIG - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 458,495 shares of the insurance provider's stock after acquiring an additional 31,405 shares during the period. First Trust Advisors LP owned 0.07% of American International Group worth $33,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co raised its stake in shares of American International Group by 7.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 926,085 shares of the insurance provider's stock worth $67,388,000 after purchasing an additional 63,194 shares during the last quarter. Canada Pension Plan Investment Board raised its position in American International Group by 29.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 707,661 shares of the insurance provider's stock worth $51,518,000 after buying an additional 160,253 shares during the last quarter. NewEdge Advisors LLC lifted its stake in American International Group by 11.0% during the 4th quarter. NewEdge Advisors LLC now owns 40,095 shares of the insurance provider's stock valued at $2,919,000 after acquiring an additional 3,960 shares during the period. Evergreen Capital Management LLC increased its stake in shares of American International Group by 2.4% in the fourth quarter. Evergreen Capital Management LLC now owns 42,014 shares of the insurance provider's stock worth $3,059,000 after acquiring an additional 1,001 shares during the period. Finally, AGP Franklin LLC acquired a new position in American International Group during the fourth quarter valued at $2,148,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.61% of the company's stock.

American International Group Price Performance

NYSE AIG traded down $0.47 during mid-day trading on Wednesday, hitting $81.53. The stock had a trading volume of 5,777,301 shares, compared to its average volume of 4,465,209. The firm's 50 day moving average is $82.00 and its 200 day moving average is $77.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $48.55 billion, a price-to-earnings ratio of -39.20, a PEG ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. Equities research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. American International Group's dividend payout ratio is presently -76.92%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AIG. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Jefferies Financial Group upped their price objective on American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Barclays cut their target price on shares of American International Group from $98.00 to $92.00 and set an "overweight" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group increased their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Finally, BMO Capital Markets lifted their price objective on shares of American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a report on Thursday, March 13th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.65.

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.