Meeder Asset Management Inc. Has $5.12 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Meeder Asset Management Inc. grew its holdings in American International Group, Inc. (NYSE:AIG) by 9,003.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,915 shares of the insurance provider’s stock after buying an additional 69,147 shares during the quarter. Meeder Asset Management Inc.’s holdings in American International Group were worth $5,120,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AIG. Caprock Group LLC increased its position in American International Group by 5.8% in the third quarter. Caprock Group LLC now owns 34,902 shares of the insurance provider’s stock worth $2,556,000 after purchasing an additional 1,921 shares during the period. Claro Advisors LLC acquired a new stake in American International Group in the third quarter worth about $359,000. Atlanta Consulting Group Advisors LLC bought a new position in American International Group during the third quarter worth about $494,000. Empowered Funds LLC boosted its holdings in American International Group by 8.7% during the third quarter. Empowered Funds LLC now owns 11,928 shares of the insurance provider’s stock worth $873,000 after buying an additional 958 shares during the last quarter. Finally, Empirical Finance LLC boosted its holdings in American International Group by 1.3% during the third quarter. Empirical Finance LLC now owns 25,177 shares of the insurance provider’s stock worth $1,844,000 after buying an additional 323 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Trading Up 0.7 %

Shares of American International Group stock opened at $76.31 on Tuesday. American International Group, Inc. has a 12-month low of $63.79 and a 12-month high of $80.83. The stock has a market cap of $47.60 billion, a P/E ratio of -22.51, a P/E/G ratio of 7.50 and a beta of 1.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $75.27 and its 200-day moving average is $75.67.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The company had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the prior year, the business posted $1.61 EPS. Equities research analysts predict that American International Group, Inc. will post 5.13 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Insider Activity at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the sale, the insider now owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AIG shares. Evercore ISI reduced their target price on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Wednesday, October 9th. Jefferies Financial Group raised their target price on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Citigroup decreased their price objective on American International Group from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Barclays assumed coverage on American International Group in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 price objective for the company. Finally, StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.13.

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.