Russell Investments Group Ltd. Grows Stock Holdings in American International Group, Inc. (NYSE:AIG)

Russell Investments Group Ltd. grew its stake in American International Group, Inc. (NYSE:AIG) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 797,760 shares of the insurance provider’s stock after purchasing an additional 772 shares during the period. Russell Investments Group Ltd. owned approximately 0.13% of American International Group worth $57,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Duncker Streett & Co. Inc. purchased a new stake in American International Group in the 4th quarter valued at $25,000. Asset Planning Inc acquired a new stake in American International Group during the fourth quarter worth about $26,000. BankPlus Trust Department acquired a new position in American International Group in the 4th quarter valued at about $36,000. Continuum Advisory LLC grew its stake in shares of American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after buying an additional 207 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in shares of American International Group during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AIG. Barclays upped their price objective on American International Group from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Wednesday, March 5th. The Goldman Sachs Group boosted their price objective on shares of American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Tuesday, April 1st. UBS Group lowered 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. Finally, JPMorgan Chase & Co. reduced 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 note on Friday, January 3rd. 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.12.

Insider Activity at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

American International Group Price Performance

AIG stock opened at $78.83 on Monday. The business’s 50-day moving average is $79.60 and its two-hundred day moving average is $76.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $46.77 billion, a P/E ratio of -37.90, a P/E/G ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07.

American International Group (NYSE:AIG) last issued 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%. Analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. 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.