American International Group, Inc. (NYSE:AIG) Shares Acquired by Quarry LP

Quarry LP raised its position in American International Group, Inc. (NYSE:AIG - Free Report) by 282.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,689 shares of the insurance provider's stock after purchasing an additional 4,940 shares during the quarter. Quarry LP's holdings in American International Group were worth $487,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group in the 4th quarter valued at $25,000. Asset Planning Inc acquired a new stake in shares of American International Group during the fourth quarter worth about $26,000. BankPlus Trust Department purchased a new position in shares of American International Group in the fourth quarter valued at approximately $36,000. Whipplewood Advisors LLC acquired a new position in shares of American International Group in the fourth quarter valued at approximately $40,000. Finally, Fortitude Family Office LLC increased its stake in American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock worth $41,000 after buying an additional 210 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Performance

Shares of NYSE:AIG traded up $2.71 on Friday, reaching $83.55. The company's stock had a trading volume of 5,783,241 shares, compared to its average volume of 4,468,084. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The stock has a market capitalization of $49.75 billion, a P/E ratio of -40.17, a PEG ratio of 1.01 and a beta of 0.63. The stock's 50-day moving average is $82.13 and its two-hundred day moving average is $77.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

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 for the quarter, topping analysts' consensus estimates of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The company had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. During the same period last year, the firm earned $1.25 EPS. As a group, sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.45 dividend. This is an increase from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 2.15%. American International Group's payout ratio is presently -76.92%.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company's stock, valued at $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research report on Thursday, March 13th. Wells Fargo & Company reduced their price target on American International Group from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $91.00 price target (up previously from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Finally, UBS Group reduced their price objective on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.71.

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.