American International Group, Inc. (NYSE:AIG) Shares Bought by Borer Denton & Associates Inc.

Borer Denton & Associates Inc. lifted its position in shares of American International Group, Inc. (NYSE:AIG) by 228.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,160 shares of the insurance provider’s stock after acquiring an additional 11,235 shares during the quarter. Borer Denton & Associates Inc.’s holdings in American International Group were worth $1,176,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AIG. Morgan Stanley boosted 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 research note on Friday, February 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target 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. Wells Fargo & Company increased their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets raised their price objective on shares of American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, March 13th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.31.

American International Group Stock Down 0.3 %

Shares of NYSE:AIG opened at $83.92 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $84.99. The company has a market cap of $49.79 billion, a price-to-earnings ratio of -40.35, a PEG ratio of 1.01 and a beta of 0.98. The company has a 50-day moving average price of $77.94 and a 200 day moving average price of $75.71.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 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 predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

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

Insider Buying and Selling

In other American International Group news, Director John G. Rice purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is owned by insiders.

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.