Kovitz Investment Group Partners LLC Raises Stake in American International Group, Inc. (NYSE:AIG)

Kovitz Investment Group Partners LLC increased its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,416 shares of the insurance provider's stock after purchasing an additional 10,689 shares during the period. Kovitz Investment Group Partners LLC's holdings in American International Group were worth $13,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Voya Investment Management LLC lifted its holdings in shares of American International Group by 0.7% in the 4th quarter. Voya Investment Management LLC now owns 291,885 shares of the insurance provider's stock valued at $21,249,000 after buying an additional 2,113 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in American International Group by 354.8% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 827,838 shares of the insurance provider's stock worth $60,267,000 after purchasing an additional 645,800 shares in the last quarter. Syon Capital LLC grew its stake in shares of American International Group by 5.9% during the 4th quarter. Syon Capital LLC now owns 8,086 shares of the insurance provider's stock worth $589,000 after purchasing an additional 447 shares during the period. MGO One Seven LLC grew its stake in shares of American International Group by 61.7% during the 4th quarter. MGO One Seven LLC now owns 9,331 shares of the insurance provider's stock worth $679,000 after purchasing an additional 3,560 shares during the period. Finally, Pinebridge Investments L.P. purchased a new position in shares of American International Group during the 4th quarter valued at approximately $6,666,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Trading Down 0.4 %

Shares of AIG stock traded down $0.30 during trading on Thursday, hitting $81.22. 1,922,783 shares of the stock traded hands, compared to its average volume of 4,455,427. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The firm has a market capitalization of $48.37 billion, a P/E ratio of -39.05, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. The firm's fifty day moving average price is $82.00 and its 200-day moving average price 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.

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

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. American International Group's dividend payout ratio (DPR) is -76.92%.

Analyst Ratings Changes

AIG has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price objective on shares of American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Barclays cut their price target 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 upped their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $91.00 price objective (up from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Finally, Hsbc Global Res upgraded American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Nine investment 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, American International Group currently has a consensus rating of "Moderate Buy" and an average price target of $87.65.

Insider Transactions at American International Group

In related news, Director John G. Rice bought 10,000 shares of the stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company's stock, valued at $770,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.61% 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.