Level Four Advisory Services LLC Purchases New Shares in American International Group, Inc. (NYSE:AIG)

Level Four Advisory Services LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG) during the 4th quarter, Holdings Channel.com reports. The fund acquired 2,824 shares of the insurance provider’s stock, valued at approximately $206,000.

A number of other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of American International Group during the fourth quarter worth about $718,013,000. Wellington Management Group LLP lifted its position in American International Group by 32.4% during the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after acquiring an additional 6,119,996 shares during the period. Prana Capital Management LP grew its stake in shares of American International Group by 280.5% in the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock valued at $138,264,000 after purchasing an additional 1,391,859 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of American International Group in the fourth quarter valued at approximately $95,074,000. Finally, Swedbank AB lifted its holdings in shares of American International Group by 70.6% during the fourth quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock worth $154,896,000 after purchasing an additional 880,625 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director John G. Rice bought 10,000 shares of the stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.61% of the stock is currently owned by company insiders.

American International Group Stock Down 0.3 %

Shares of NYSE AIG opened at $86.69 on Wednesday. The firm’s 50-day moving average is $79.00 and its two-hundred day moving average is $76.15. The company has a market capitalization of $51.43 billion, a PE ratio of -41.68, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $87.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (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%. Equities analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Monday, March 17th. American International Group’s payout ratio is currently -76.92%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AIG shares. 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 research note on Tuesday. Keefe, Bruyette & Woods boosted their price target on shares of American International Group from $90.00 to $98.00 and gave the stock an “outperform” rating in a research note on Tuesday. Morgan Stanley raised their price objective on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Wells Fargo & Company boosted their target price on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Finally, HSBC raised 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. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, American International Group has an average rating of “Moderate Buy” and an average target price of $86.00.

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.