American International Group, Inc. (NYSE:AIG) Director John C. Inglis Purchases 635 Shares

American International Group, Inc. (NYSE:AIG) Director John C. Inglis acquired 635 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average cost of $78.53 per share, for a total transaction of $49,866.55. Following the acquisition, the director now directly owns 1,294 shares of the company’s stock, valued at $101,617.82. This trade represents a 96.36 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

American International Group Stock Up 1.1 %

AIG opened at $87.77 on Thursday. The firm has a market cap of $52.08 billion, a P/E ratio of -42.20, a PEG ratio of 1.01 and a beta of 0.98. The business’s fifty day simple moving average is $79.26 and its 200 day simple moving average is $76.23. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. 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 released 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 positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, equities research 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.82%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its position in American International Group by 62.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 66,104 shares of the insurance provider’s stock worth $4,812,000 after buying an additional 25,458 shares during the period. NorthCrest Asset Manangement LLC increased its stake in shares of American International Group by 0.9% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 19,737 shares of the insurance provider’s stock valued at $1,437,000 after acquiring an additional 169 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of American International Group during the 4th quarter worth about $28,113,000. Integrated Advisors Network LLC boosted its position in shares of American International Group by 1.0% in the fourth quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider’s stock worth $1,188,000 after acquiring an additional 161 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in American International Group in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group decreased 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 research report on Tuesday, February 18th. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Morgan Stanley increased their target price on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Evercore ISI lifted their price target on shares of American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods upped their price target on American International Group from $90.00 to $98.00 and gave the stock an “outperform” rating in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, American International Group currently has an average rating of “Moderate Buy” and a consensus target price of $86.76.

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.