Wellington Management Group LLP Has $1.95 Billion Position in American International Group, Inc. (NYSE:AIG)

Wellington Management Group LLP lifted its holdings in American International Group, Inc. (NYSE:AIG) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,805,310 shares of the insurance provider’s stock after buying an additional 1,791,964 shares during the quarter. Wellington Management Group LLP owned about 4.52% of American International Group worth $1,951,427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AIG. Diamond Hill Capital Management Inc. increased its holdings in shares of American International Group by 3.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider’s stock valued at $1,029,905,000 after purchasing an additional 461,912 shares in the last quarter. Norges Bank bought a new position in American International Group during the fourth quarter worth about $718,013,000. Bank of New York Mellon Corp grew its position in shares of American International Group by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider’s stock worth $677,825,000 after buying an additional 347,982 shares during the period. Franklin Resources Inc. increased its stake in shares of American International Group by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 9,162,465 shares of the insurance provider’s stock valued at $713,272,000 after acquiring an additional 457,821 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of American International Group by 0.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 7,416,240 shares of the insurance provider’s stock valued at $543,091,000 after acquiring an additional 59,180 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price objective 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. The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, BMO Capital Markets lifted their price objective on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a report on Thursday, March 13th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.31.

American International Group Price Performance

NYSE AIG opened at $83.55 on Monday. The company has a market capitalization of $49.57 billion, a PE ratio of -40.17, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $85.11. The firm’s 50 day moving average is $78.53 and its 200-day moving average is $75.96. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. Equities research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio is currently -76.92%.

Insider Activity

In other news, Director John G. Rice bought 10,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by insiders.

American International Group 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.