Ground Swell Capital LLC Buys Shares of 3,739 American International Group, Inc. (NYSE:AIG)

Ground Swell Capital LLC purchased a new position in American International Group, Inc. (NYSE:AIG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,739 shares of the insurance provider's stock, valued at approximately $272,000.

A number of other institutional investors have also made changes to their positions in the stock. Catalina Capital Group LLC increased its stake in shares of American International Group by 5.1% in the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock valued at $222,000 after acquiring an additional 148 shares during the last quarter. Pitcairn Co. increased its stake in American International Group by 2.2% in the fourth quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider's stock valued at $536,000 after purchasing an additional 158 shares in the last quarter. Hilltop National Bank raised its holdings in American International Group by 4.7% in the fourth quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider's stock worth $283,000 after purchasing an additional 175 shares during the period. Cidel Asset Management Inc. boosted its position in shares of American International Group by 2.1% during the fourth quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider's stock worth $634,000 after purchasing an additional 179 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of American International Group by 11.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider's stock valued at $127,000 after buying an additional 179 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Trading Up 0.7 %

Shares of American International Group stock opened at $82.39 on Friday. The stock has a market cap of $47.48 billion, a P/E ratio of -39.61, a P/E/G ratio of 1.01 and a beta of 0.69. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The business's 50 day moving average is $82.30 and its 200-day moving average is $77.51.

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 analysts' consensus estimates 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 company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter last year, the firm posted $1.25 EPS. Equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The firm also recently declared 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. This represents a $1.80 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, June 13th. This is a boost from American International Group's previous quarterly dividend of $0.40. American International Group's dividend payout ratio is -67.67%.

Analyst Upgrades and Downgrades

AIG has been the topic of several recent analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $91.00 target price (up from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on American International Group to $91.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Evercore ISI raised their target price on shares of American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a report on Tuesday, April 1st. Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group raised their price objective 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. Nine 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $87.88.

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 dated 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 completion of the sale, the executive vice president now owns 21,400 shares in the company, valued at approximately $1,781,764. This trade represents a 68.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John G. Rice purchased 10,000 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 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.

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