Argent Trust Co Purchases 760 Shares of American International Group, Inc. (NYSE:AIG)

Argent Trust Co lifted its holdings in American International Group, Inc. (NYSE:AIG) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,086 shares of the insurance provider’s stock after purchasing an additional 760 shares during the quarter. Argent Trust Co’s holdings in American International Group were worth $2,045,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Wellington Management Group LLP raised its position in shares of American International Group by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider’s stock valued at $1,951,427,000 after buying an additional 1,791,964 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in American International Group by 3.4% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider’s stock worth $1,029,905,000 after acquiring an additional 461,912 shares during the last quarter. Franklin Resources Inc. raised its position in American International Group by 14.0% during the fourth quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider’s stock valued at $760,528,000 after purchasing an additional 1,284,354 shares during the period. Norges Bank bought a new stake in shares of American International Group in the 4th quarter valued at approximately $718,013,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of American International Group by 3.9% in the 4th quarter. Bank of New York Mellon Corp now owns 9,310,790 shares of the insurance provider’s stock worth $677,825,000 after purchasing an additional 347,982 shares during the period. Institutional investors own 90.60% of the company’s stock.

Insider Activity at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $770,000. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods lowered their price target on American International Group from $98.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday. BMO Capital Markets lifted 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 note on Thursday, March 13th. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Wednesday, March 5th. Finally, Barclays lifted their price target on shares of American International Group from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, American International Group currently has a consensus rating of “Moderate Buy” and an average price target of $87.59.

American International Group Stock Down 1.8 %

AIG opened at $81.31 on Friday. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The firm has a market cap of $48.42 billion, a P/E ratio of -39.09, a PEG ratio of 1.01 and a beta of 0.63. The business’s fifty day simple moving average is $80.22 and its 200 day simple moving average is $76.60. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last announced 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 positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Monday, March 17th. 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.