Nearwater Capital Markets Ltd Takes Position in American International Group, Inc. (NYSE:AIG)

Nearwater Capital Markets Ltd bought a new position in American International Group, Inc. (NYSE:AIG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 190,000 shares of the insurance provider's stock, valued at approximately $13,832,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Capital Research Global Investors raised its position in American International Group by 1.4% during the fourth quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock valued at $2,540,050,000 after acquiring an additional 482,724 shares in the last quarter. Wellington Management Group LLP raised its holdings in American International Group by 7.2% during the fourth 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 in the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of American International Group by 3.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock worth $1,029,905,000 after buying an additional 461,912 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of American International Group by 14.0% during the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after acquiring an additional 1,284,354 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of American International Group during the 4th quarter valued at about $718,013,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

Insiders Place Their Bets

In related news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now directly owns 10,000 shares of the company's stock, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $83.26, for a total value of $3,845,113.32. Following the completion of the sale, the executive vice president now owns 21,400 shares of the company's stock, valued at $1,781,764. This represents a 68.33% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on shares of American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $91.00 price target (up from $83.00) on shares of American International Group in a report on Tuesday, April 8th. The Goldman Sachs Group boosted their target price 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. HSBC raised shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a research report on Wednesday, March 5th. Finally, Barclays raised their target price on American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $87.88.

American International Group Price Performance

Shares of AIG stock opened at $83.78 on Wednesday. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm's 50 day moving average is $82.39 and its 200-day moving average is $77.60. The firm has a market capitalization of $48.28 billion, a price-to-earnings ratio of -40.28, a PEG ratio of 1.01 and a beta of 0.69.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.13. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.89 billion. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. During the same quarter in the prior year, the business earned $1.25 EPS. Sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.15%. This is a positive change from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, June 13th. American International Group's dividend payout ratio (DPR) is presently -67.67%.

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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