American International Group, Inc. (NYSE:AIG) Director Buys $770,000.00 in Stock

American International Group, Inc. (NYSE:AIG) Director John G. Rice bought 10,000 shares of the company’s stock in a transaction that occurred 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 acquisition, the director now 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 legal filing with the SEC, which is available at this link.

American International Group Trading Up 1.4 %

NYSE:AIG opened at $75.37 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a 50-day moving average of $73.45 and a 200-day moving average of $74.40. The company has a market cap of $47.02 billion, a PE ratio of -22.23, a PEG ratio of 5.87 and a beta of 1.05. American International Group, Inc. has a one year low of $68.04 and a one year high of $80.83.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. As a group, equities research analysts expect that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s payout ratio is -47.20%.

Institutional Investors Weigh In On American International Group

A number of institutional investors have recently added to or reduced their stakes in the company. Snowden Capital Advisors LLC grew its position in American International Group by 1.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider’s stock worth $769,000 after purchasing an additional 146 shares in the last quarter. Catalina Capital Group LLC grew its position in American International Group by 5.1% in the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock worth $222,000 after purchasing an additional 148 shares in the last quarter. EagleClaw Capital Managment LLC grew its position in American International Group by 0.5% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock worth $2,225,000 after purchasing an additional 150 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its position in American International Group by 1.8% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider’s stock worth $641,000 after purchasing an additional 152 shares in the last quarter. Finally, Pitcairn Co. grew its position in American International Group by 2.2% in the 4th quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider’s stock worth $536,000 after purchasing an additional 158 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AIG. UBS Group dropped their target price 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. Wells Fargo & Company lifted their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Finally, Morgan Stanley lifted their price target on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $83.94.

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.