Qsemble Capital Management LP Purchases New Position in American International Group, Inc. (NYSE:AIG)

Qsemble Capital Management LP purchased a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,124 shares of the insurance provider's stock, valued at approximately $754,000.

Other large investors also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in shares of American International Group by 3.0% in the third quarter. Invesco Ltd. now owns 17,085,545 shares of the insurance provider's stock worth $1,035,384,000 after purchasing an additional 503,547 shares in the last quarter. FMR LLC raised its holdings in American International Group by 5.0% during the 3rd quarter. FMR LLC now owns 12,745,085 shares of the insurance provider's stock valued at $772,352,000 after acquiring an additional 604,901 shares during the period. Northern Trust Corp raised its holdings in American International Group by 1.8% during the 3rd quarter. Northern Trust Corp now owns 7,711,308 shares of the insurance provider's stock valued at $467,305,000 after acquiring an additional 133,828 shares during the period. LSV Asset Management lifted its position in shares of American International Group by 5.3% during the fourth quarter. LSV Asset Management now owns 5,786,940 shares of the insurance provider's stock worth $392,065,000 after acquiring an additional 290,061 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in American International Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,395,566 shares of the insurance provider's stock worth $297,800,000 after purchasing an additional 32,065 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of recent analyst reports. Bank of America downgraded shares of American International Group from a "buy" rating to a "neutral" rating and increased their price target for the stock from $75.00 to $77.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. lifted their target price on shares of American International Group from $73.00 to $80.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. UBS Group increased their price target 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. Citigroup lifted their price objective on shares of American International Group from $79.00 to $87.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Finally, 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 research report on Wednesday, April 10th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and a consensus target price of $80.56.

Insider Buying and Selling at American International Group

In other news, CEO Peter Zaffino sold 333,000 shares of the business'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 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 $38,346,215.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other American International Group news, Director John C. Inglis purchased 659 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the purchase, the director now directly owns 659 shares of the company's stock, valued at approximately $49,682.01. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Peter Zaffino sold 333,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 505,420 shares of the company's stock, valued at approximately $38,346,215.40. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

American International Group Trading Up 0.3 %

American International Group stock traded up $0.23 during trading hours on Friday, reaching $80.11. The company had a trading volume of 4,033,990 shares, compared to its average volume of 4,071,926. The firm has a market cap of $53.17 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 1.13 and a beta of 1.02. American International Group, Inc. has a 12-month low of $51.86 and a 12-month high of $80.83. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.29 and a quick ratio of 0.29. The company has a 50-day moving average price of $76.16 and a 200 day moving average price of $70.20.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.11. American International Group had a net margin of 9.98% and a return on equity of 10.54%. The business had revenue of $12.58 billion during the quarter, compared to analysts' expectations of $12.04 billion. During the same quarter in the prior year, the company posted $1.63 EPS. Equities analysts forecast that American International Group, Inc. will post 7.08 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, June 14th. This is an increase from American International Group's previous quarterly dividend of $0.36. American International Group's payout ratio is currently 21.49%.

American International Group announced that its Board of Directors has initiated a share buyback program on Wednesday, May 1st that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the insurance provider to repurchase up to 19.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is 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.