Quantinno Capital Management LP Buys 33,260 Shares of American International Group, Inc. (NYSE:AIG)

Quantinno Capital Management LP boosted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 38.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,148 shares of the insurance provider's stock after buying an additional 33,260 shares during the quarter. Quantinno Capital Management LP's holdings in American International Group were worth $8,747,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new stake in American International Group during the 4th quarter valued at about $25,000. Asset Planning Inc bought a new stake in American International Group during the 4th quarter valued at about $26,000. BankPlus Trust Department bought a new stake in American International Group during the 4th quarter valued at about $36,000. Whipplewood Advisors LLC bought a new stake in American International Group during the 4th quarter valued at about $40,000. Finally, Colonial Trust Co SC lifted its holdings in American International Group by 150.2% during the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock valued at $54,000 after buying an additional 443 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

American International Group Stock Up 1.6%

NYSE:AIG opened at $83.17 on Friday. The company has a market cap of $47.93 billion, a PE ratio of -39.99, a P/E/G ratio of 1.01 and a beta of 0.69. American International Group, Inc. has a twelve month low of $69.00 and a twelve month 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 company's 50 day moving average is $82.42 and its two-hundred day moving average is $77.67.

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

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.16%. This is a boost 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 payout ratio is presently -67.67%.

Insider Buying and Selling at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the completion of the sale, the executive vice president now directly owns 21,400 shares in the company, valued at approximately $1,781,764. The trade was a 68.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AIG. Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Morgan Stanley raised their target price on shares of American International Group from $80.00 to $81.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Wells Fargo & Company raised their target price on shares of American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $91.00 target price (up previously from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Finally, Evercore ISI raised their target price on shares of 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. Nine research 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $87.88.

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.

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