Insider Buying: American International Group, Inc. (NYSE:AIG) Director Acquires 635 Shares of Stock

American International Group, Inc. (NYSE:AIG) Director John C. Inglis purchased 635 shares of American International Group stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average cost of $78.53 per share, for a total transaction of $49,866.55. Following the acquisition, the director now directly owns 1,294 shares of the company’s stock, valued at approximately $101,617.82. This represents a 96.36 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

American International Group Stock Performance

Shares of NYSE:AIG opened at $78.83 on Friday. The firm has a market capitalization of $46.77 billion, a PE ratio of -37.90, a P/E/G ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07. 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 business has a 50-day moving average of $79.60 and a two-hundred day moving average of $76.34.

American International Group (NYSE:AIG) last posted its quarterly earnings results 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 negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. American International Group’s payout ratio is -76.92%.

Institutional Trading of American International Group

Large investors have recently added to or reduced their stakes in the stock. Artemis Investment Management LLP boosted its position in shares of American International Group by 115.9% in the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock worth $19,965,000 after buying an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. boosted its holdings in American International Group by 5.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock worth $5,155,000 after acquiring an additional 3,490 shares during the period. Jones Financial Companies Lllp grew its position in American International Group by 54.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock valued at $924,000 after acquiring an additional 4,468 shares in the last quarter. Merit Financial Group LLC acquired a new stake in American International Group in the fourth quarter valued at approximately $1,260,000. Finally, Williams & Novak LLC purchased a new stake in shares of American International Group during the fourth quarter valued at approximately $279,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AIG has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on American International Group to $91.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. cut 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. Morgan Stanley lifted their price objective on American International Group from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday. Barclays upped their target price on shares of American International Group from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, HSBC upgraded shares of 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 research 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.12.

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.