American International Group, Inc. (NYSE:AIG) Director John G. Rice Buys 10,000 Shares

American International Group, Inc. (NYSE:AIG) Director John G. Rice bought 10,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

American International Group Stock Performance

Shares of American International Group stock opened at $75.37 on Wednesday. American International Group, Inc. has a fifty-two week low of $68.04 and a fifty-two week high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $47.02 billion, a P/E ratio of -22.23, a P/E/G ratio of 5.87 and a beta of 1.05. The company’s 50 day moving average price is $73.45 and its two-hundred day moving average price is $74.40.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. On average, equities analysts forecast that American International Group, Inc. will post 4.89 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, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. 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 2.12%. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Analyst Ratings Changes

Several research analysts have recently commented on AIG shares. Morgan Stanley raised their target price on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Keefe, Bruyette & Woods raised their target price on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. UBS Group lowered their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $83.94.

Hedge Funds Weigh In On American International Group

A number of hedge funds have recently modified their holdings of AIG. Creative Planning lifted its holdings in shares of American International Group by 20.6% during the third quarter. Creative Planning now owns 50,014 shares of the insurance provider’s stock worth $3,663,000 after purchasing an additional 8,556 shares during the period. NBC Securities Inc. lifted its holdings in shares of American International Group by 241.6% during the third quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 476 shares during the period. Blue Trust Inc. lifted its holdings in shares of American International Group by 181.0% during the third quarter. Blue Trust Inc. now owns 4,019 shares of the insurance provider’s stock worth $298,000 after purchasing an additional 2,589 shares during the period. OLD National Bancorp IN acquired a new position in shares of American International Group during the third quarter worth $432,000. Finally, Cetera Trust Company N.A lifted its holdings in American International Group by 397.4% in the third quarter. Cetera Trust Company N.A now owns 11,569 shares of the insurance provider’s stock valued at $847,000 after buying an additional 9,243 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

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.