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

Lighthouse Investment Partners LLC boosted its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 163.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,813 shares of the insurance provider's stock after buying an additional 79,867 shares during the period. Lighthouse Investment Partners LLC's holdings in American International Group were worth $9,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Catalina Capital Group LLC raised its holdings in shares of American International Group by 5.1% during the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock worth $222,000 after purchasing an additional 148 shares during the last quarter. Pitcairn Co. lifted its holdings in shares of American International Group by 2.2% in the 4th quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider's stock valued at $536,000 after buying an additional 158 shares during the period. Cidel Asset Management Inc. grew its holdings in 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 acquiring an additional 179 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in American International Group by 11.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider's stock valued at $127,000 after acquiring an additional 179 shares during the period. Finally, Foster & Motley Inc. grew its stake in shares of American International Group by 0.8% during the 4th quarter. Foster & Motley Inc. now owns 23,552 shares of the insurance provider's stock worth $1,715,000 after purchasing an additional 194 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Trading Up 1.6%

NYSE:AIG traded up $1.28 during trading hours on Thursday, hitting $83.17. The company had a trading volume of 2,856,836 shares, compared to its average volume of 4,451,793. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The company has a market cap of $47.93 billion, a P/E ratio of -39.99, a P/E/G ratio of 1.01 and a beta of 0.69. The company has a 50-day moving average of $82.39 and a 200 day moving average of $77.63. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $6.89 billion. During the same period in the previous year, the firm earned $1.25 earnings per share. Sell-side analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current 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 issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.16%. American International Group's dividend payout ratio is currently -67.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AIG shares. Barclays upped their price target on American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. UBS Group decreased their target price on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Jefferies Financial Group lifted their price target on shares of American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, April 11th. The Goldman Sachs Group upped their price objective 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. Finally, Evercore ISI boosted 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 research note 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. According to MarketBeat.com, American International Group currently has a consensus rating of "Moderate Buy" and an average target price of $87.88.

Insider Buying and Selling

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of American International Group 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 sale, the executive vice president now owns 21,400 shares in the company, valued at $1,781,764. The trade was a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

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.