LSV Asset Management Purchases 290,061 Shares of American International Group, Inc. (NYSE:AIG)

LSV Asset Management boosted its position in American International Group, Inc. (NYSE:AIG - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,786,940 shares of the insurance provider's stock after buying an additional 290,061 shares during the period. American International Group makes up 0.9% of LSV Asset Management's holdings, making the stock its 15th biggest holding. LSV Asset Management owned about 0.82% of American International Group worth $392,065,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Pinnacle Associates Ltd. raised its holdings in shares of American International Group by 5.2% during the third quarter. Pinnacle Associates Ltd. now owns 6,885 shares of the insurance provider's stock valued at $417,000 after purchasing an additional 340 shares during the period. NorthRock Partners LLC raised its holdings in shares of American International Group by 11.6% during the third quarter. NorthRock Partners LLC now owns 5,161 shares of the insurance provider's stock valued at $313,000 after purchasing an additional 535 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of American International Group by 3.8% during the third quarter. Bank of New York Mellon Corp now owns 11,131,560 shares of the insurance provider's stock valued at $674,573,000 after purchasing an additional 408,335 shares during the period. Mn Services Vermogensbeheer B.V. raised its holdings in shares of American International Group by 1.1% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 353,400 shares of the insurance provider's stock valued at $21,416,000 after purchasing an additional 3,900 shares during the period. Finally, Total Clarity Wealth Management Inc. raised its holdings in shares of American International Group by 2.2% during the third quarter. Total Clarity Wealth Management Inc. now owns 16,070 shares of the insurance provider's stock valued at $974,000 after purchasing an additional 339 shares during the period. Institutional investors and hedge funds own 90.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AIG shares. Citigroup upped their price objective on shares of American International Group from $79.00 to $87.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. Evercore ISI upped their target price on shares of American International Group from $80.00 to $81.00 and gave the stock an "in-line" rating in a report on Friday. JPMorgan Chase & Co. upped their target price on shares of American International Group from $73.00 to $80.00 and gave the stock a "neutral" rating in a report on Monday, April 8th. Keefe, Bruyette & Woods upped their target price on shares of American International Group from $82.00 to $86.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. Finally, UBS Group upped their target price on shares of American International Group from $83.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, February 22nd. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.44.

Insider Activity

In other news, CEO Peter Zaffino sold 333,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares of the company's stock, valued at approximately $38,346,215.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Peter Zaffino sold 333,000 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares of the company's stock, valued at approximately $38,346,215.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John C. Inglis acquired 659 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $75.39 per share, with a total value of $49,682.01. Following the completion of the acquisition, the director now owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. Insiders own 0.61% of the company's stock.

American International Group Stock Performance

Shares of American International Group stock traded up $0.38 on Friday, reaching $78.48. 6,715,711 shares of the company traded hands, compared to its average volume of 3,941,598. American International Group, Inc. has a 52 week low of $48.95 and a 52 week high of $79.70. The company has a 50 day moving average of $75.39 and a 200 day moving average of $69.56. The firm has a market capitalization of $53.44 billion, a PE ratio of 11.71, a PEG ratio of 1.13 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Thursday, May 2nd. The insurance provider reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.11. American International Group had a net margin of 9.98% and a return on equity of 10.68%. The firm had revenue of $12.58 billion during the quarter, compared to the consensus estimate of $12.04 billion. During the same period in the prior year, the firm earned $1.63 EPS. Equities analysts forecast that American International Group, Inc. will post 7.05 earnings per share for the current year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.40 per share. This is an increase from American International Group's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, June 14th. American International Group's dividend payout ratio is currently 21.49%.

American International Group declared that its board has approved a stock buyback program on Wednesday, May 1st that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the insurance provider to purchase up to 19.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

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.