Generali Asset Management SPA SGR Acquires New Position in American International Group, Inc. (NYSE:AIG)

Generali Asset Management SPA SGR bought a new position in American International Group, Inc. (NYSE:AIG) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 6,571 shares of the insurance provider’s stock, valued at approximately $478,000.

Several other institutional investors also recently bought and sold shares of AIG. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group in the fourth quarter valued at $25,000. Asset Planning Inc acquired a new stake in American International Group in the 4th quarter worth about $26,000. True Wealth Design LLC purchased a new stake in American International Group in the 3rd quarter valued at about $29,000. BankPlus Trust Department purchased a new position in shares of American International Group during the 4th quarter worth about $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of American International Group in the fourth quarter worth approximately $40,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American International Group

In related news, Director John G. Rice bought 10,000 shares of the business’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 purchase, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on AIG. BMO Capital Markets upped their price target on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, March 13th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Morgan Stanley raised their price objective on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, American International Group presently has an average rating of “Moderate Buy” and an average price target of $84.31.

American International Group Stock Performance

NYSE:AIG opened at $83.64 on Friday. The firm has a 50-day moving average of $77.20 and a two-hundred day moving average of $75.52. 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 stock has a market cap of $49.63 billion, a P/E ratio of -40.21, a PEG ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $84.99.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates 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%. On average, research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.91%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

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.