Mufg Securities Americas Inc. Invests $670,000 in American International Group, Inc. (NYSE:AIG)

Mufg Securities Americas Inc. purchased a new position in American International Group, Inc. (NYSE:AIG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,209 shares of the insurance provider's stock, valued at approximately $670,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of American International Group in the fourth quarter valued at approximately $718,013,000. Balyasny Asset Management L.P. bought a new position in shares of American International Group in the fourth quarter worth $135,325,000. Wellington Management Group LLP increased its stake in American International Group by 7.2% during 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 buying an additional 1,791,964 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in American International Group by 2,134.0% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,426,985 shares of the insurance provider's stock worth $103,885,000 after purchasing an additional 1,363,108 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of American International Group in the fourth quarter valued at $95,074,000. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Price Performance

NYSE AIG opened at $81.71 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $47.09 billion, a PE ratio of -39.28, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The company has a 50 day moving average price of $82.39 and a two-hundred day moving average price of $77.63.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share 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 business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter last year, the firm earned $1.25 EPS. As a group, equities 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 company also recently announced 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 dividend on an annualized basis and a yield of 2.20%. American International Group's dividend payout ratio (DPR) is presently -67.67%.

Insider Buying and Selling

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 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 of the company's stock, valued at $1,781,764. This trade represents a 68.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AIG shares. Barclays upped their price target on shares of American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods upped their price target on American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Morgan Stanley raised their price objective on American International Group from $80.00 to $81.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group boosted their target price on American International Group from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $87.88.

American International Group Company 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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