National Bank of Canada FI Raises Holdings in American International Group, Inc. (NYSE:AIG)

National Bank of Canada FI increased its position in American International Group, Inc. (NYSE:AIG) by 70.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 846,049 shares of the insurance provider’s stock after purchasing an additional 348,631 shares during the period. National Bank of Canada FI owned 0.14% of American International Group worth $61,592,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Catalina Capital Group LLC lifted its stake in American International Group by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock valued at $222,000 after buying an additional 148 shares during the last quarter. Hilltop National Bank raised its position in American International Group by 4.7% in the 4th quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider’s stock valued at $283,000 after purchasing an additional 175 shares during the last quarter. Cidel Asset Management Inc. boosted its stake in American International Group by 2.1% during the 4th quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider’s stock worth $634,000 after purchasing an additional 179 shares during the period. Brown Brothers Harriman & Co. grew its position in American International Group by 11.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider’s stock worth $127,000 after purchasing an additional 179 shares during the last quarter. Finally, Foster & Motley Inc. increased its stake in American International Group by 0.8% in the fourth quarter. Foster & Motley Inc. now owns 23,552 shares of the insurance provider’s stock valued at $1,715,000 after purchasing an additional 194 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group lowered their price target on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Wells Fargo & Company increased their price target on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Finally, Morgan Stanley boosted their price objective 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. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

American International Group Stock Performance

AIG opened at $86.69 on Wednesday. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $87.51. The stock has a market cap of $51.43 billion, a P/E ratio of -41.68, a P/E/G ratio of 1.01 and a beta of 0.98. The stock’s 50 day simple moving average is $79.00 and its 200 day simple moving average is $76.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG) last posted its earnings results 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%. As a group, equities analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 yield of 1.85%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s payout ratio is currently -76.92%.

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.