Quantessence Capital LLC Makes New Investment in American International Group, Inc. (NYSE:AIG)

Quantessence Capital LLC acquired a new stake in American International Group, Inc. (NYSE:AIG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,786 shares of the insurance provider's stock, valued at approximately $1,440,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Duncker Streett & Co. Inc. bought a new stake in shares of American International Group in the fourth quarter worth about $25,000. Asset Planning Inc bought a new position in American International Group in the fourth quarter valued at $26,000. BankPlus Trust Department bought a new stake in American International Group during the 4th quarter worth about $36,000. Whipplewood Advisors LLC bought a new position in shares of American International Group in the 4th quarter valued at about $40,000. Finally, Fortitude Family Office LLC raised its holdings in American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after acquiring an additional 210 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Stock Down 1.5 %

Shares of NYSE:AIG traded down $1.24 during trading on Friday, reaching $81.21. 2,657,550 shares of the stock were exchanged, compared to its average volume of 4,463,402. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. The stock has a fifty day moving average of $81.65 and a two-hundred day moving average of $77.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $48.36 billion, a price-to-earnings ratio of -39.04, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. Research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Monday, March 17th. American International Group's dividend payout ratio is currently -76.92%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. UBS Group reduced their price target on American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Morgan Stanley increased their price target on shares of American International Group from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Friday, April 4th. HSBC upgraded American International Group from a "hold" rating to a "buy" rating and set a $93.00 target price for the company in a research note on Wednesday, March 5th. Evercore ISI lifted their target price on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company reduced their price target on shares of American International Group from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Nine investment 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 company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $87.65.

Insider Transactions at American International Group

In related news, Director John G. Rice bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.61% of the company's stock.

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.