Sei Investments Co. Has $107.38 Million Position in American International Group, Inc. (NYSE:AIG)

Sei Investments Co. increased its stake in shares of American International Group, Inc. (NYSE:AIG) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,474,962 shares of the insurance provider’s stock after purchasing an additional 9,843 shares during the quarter. Sei Investments Co. owned approximately 0.24% of American International Group worth $107,377,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in AIG. Artemis Investment Management LLP lifted its stake in American International Group by 115.9% in the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after acquiring an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. lifted its stake in American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after acquiring an additional 3,490 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in American International Group by 54.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock valued at $924,000 after acquiring an additional 4,468 shares during the last quarter. Merit Financial Group LLC acquired a new stake in American International Group in the fourth quarter valued at approximately $1,260,000. Finally, Williams & Novak LLC acquired a new stake in American International Group in the fourth quarter valued at approximately $279,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.61% of the company’s stock.

American International Group Trading Down 0.8 %

Shares of AIG stock opened at $83.03 on Friday. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $84.99. The firm’s fifty day simple moving average is $77.45 and its 200 day simple moving average is $75.56. The firm has a market capitalization of $49.27 billion, a P/E ratio of -39.92, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

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

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.93%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AIG. UBS Group reduced their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. 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 report on Friday, February 14th. JPMorgan Chase & Co. dropped their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Eight research 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 stock. Based on data from MarketBeat, the company presently has a consensus 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.