Lee Danner & Bass Inc. Has $1.20 Million Holdings in American International Group, Inc. (NYSE:AIG)

Lee Danner & Bass Inc. raised its holdings in shares of American International Group, Inc. (NYSE:AIG) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,525 shares of the insurance provider’s stock after buying an additional 260 shares during the quarter. Lee Danner & Bass Inc.’s holdings in American International Group were worth $1,203,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Duncker Streett & Co. Inc. acquired a new position in shares of American International Group during the fourth quarter worth approximately $25,000. Asset Planning Inc bought a new stake in shares of American International Group during the fourth quarter valued at approximately $26,000. True Wealth Design LLC bought a new stake in shares of American International Group during the third quarter valued at approximately $29,000. BankPlus Trust Department bought a new stake in shares of American International Group during the fourth quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of American International Group during the fourth quarter valued at approximately $40,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John G. Rice purchased 10,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by insiders.

American International Group Price Performance

Shares of AIG stock opened at $83.64 on Friday. The stock’s fifty day moving average is $77.20 and its 200-day moving average is $75.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $49.63 billion, a PE ratio of -40.21, a PEG ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $84.99.

American International Group (NYSE:AIG) last announced 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 8.01% and a negative net margin of 4.25%. Equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AIG shares. UBS Group lowered their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods boosted their price objective on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Finally, Morgan Stanley upped their price target on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, American International Group has an average rating of “Moderate Buy” and a consensus price target of $84.31.

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.