184,299 Shares in American International Group, Inc. (NYSE:AIG) Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought 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 13F filing with the Securities and Exchange Commission (SEC). The fund bought 184,299 shares of the insurance provider's stock, valued at approximately $13,422,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AIG. Artemis Investment Management LLP lifted its position in shares of American International Group by 115.9% during the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock worth $19,965,000 after buying an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. increased its position in shares of American International Group by 5.2% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock worth $5,155,000 after purchasing an additional 3,490 shares in the last quarter. Jones Financial Companies Lllp increased its position in American International Group by 54.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock worth $924,000 after buying an additional 4,468 shares during the period. Merit Financial Group LLC acquired a new stake in American International Group during the 4th quarter worth $1,260,000. Finally, Williams & Novak LLC purchased a new stake in shares of American International Group in the fourth quarter valued at about $279,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AIG. The Goldman Sachs Group lifted their target price on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of American International Group to $91.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. 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. HSBC raised shares of American International Group from a "hold" rating to a "buy" rating and set a $93.00 price target for the company in a report on Wednesday, March 5th. Finally, Morgan Stanley lifted their price objective on American International Group from $76.00 to $82.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Nine 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 MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $87.59.

American International Group Trading Up 0.0 %

AIG stock traded up $0.03 during trading on Friday, reaching $81.38. 949,507 shares of the stock traded hands, compared to its average volume of 4,445,345. The firm has a market capitalization of $48.46 billion, a PE ratio of -39.10, a P/E/G ratio of 1.01 and a beta of 0.63. 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 business's 50 day moving average price is $80.22 and its 200-day moving average price is $76.60. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07.

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

American International Group Dividend Announcement

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

Insider Activity at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of the company's stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

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.