190,000 Shares in American International Group, Inc. (NYSE:AIG) Bought by Nearwater Capital Markets Ltd

Nearwater Capital Markets Ltd bought a new position in American International Group, Inc. (NYSE:AIG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 190,000 shares of the insurance provider’s stock, valued at approximately $13,832,000.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in American International Group by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,920 shares of the insurance provider’s stock valued at $2,997,000 after buying an additional 274 shares during the last quarter. Czech National Bank grew its stake in shares of American International Group by 3.1% during the 4th quarter. Czech National Bank now owns 135,246 shares of the insurance provider’s stock worth $9,846,000 after acquiring an additional 4,067 shares in the last quarter. Wedmont Private Capital lifted its position in shares of American International Group by 4.3% in the fourth quarter. Wedmont Private Capital now owns 13,018 shares of the insurance provider’s stock worth $918,000 after purchasing an additional 538 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in American International Group by 112.5% during the fourth quarter. Miracle Mile Advisors LLC now owns 7,970 shares of the insurance provider’s stock worth $580,000 after purchasing an additional 4,220 shares during the last quarter. Finally, Pallas Capital Advisors LLC grew its position in American International Group by 36.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 4,651 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 1,238 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $91.00 price target (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Evercore ISI boosted their price target on American International Group from $81.00 to $89.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 1st. UBS Group cut their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Wells Fargo & Company boosted their price objective on shares of American International Group from $81.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Nine research 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, the company has an average rating of “Moderate Buy” and an average target price of $87.88.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Christopher Flatt sold 46,182 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the completion of the sale, the executive vice president now directly owns 21,400 shares in the company, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

American International Group Trading Up 0.4%

Shares of NYSE:AIG opened at $83.78 on Wednesday. The company has a market capitalization of $48.28 billion, a P/E ratio of -40.28, a P/E/G ratio of 1.01 and a beta of 0.69. 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, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The business’s 50 day simple moving average is $82.39 and its 200 day simple moving average is $77.60.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.13. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. During the same period in the prior year, the company earned $1.25 EPS. On average, research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from American International Group’s previous quarterly dividend of $0.40. American International Group’s dividend payout ratio is presently -67.67%.

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.