American International Group, Inc. (NYSE:AIG) Stock Holdings Lifted by Franklin Resources Inc.

Franklin Resources Inc. lifted its stake in American International Group, Inc. (NYSE:AIG) by 14.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,446,819 shares of the insurance provider’s stock after purchasing an additional 1,284,354 shares during the quarter. Franklin Resources Inc.’s holdings in American International Group were worth $760,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of AIG. Duncker Streett & Co. Inc. acquired a new stake in shares of American International Group in the fourth quarter worth $25,000. Asset Planning Inc acquired a new stake in American International Group during the 4th quarter valued at $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the 3rd quarter valued at $29,000. BankPlus Trust Department acquired a new stake in American International Group during the 4th quarter worth $36,000. Finally, Whipplewood Advisors LLC bought a new stake in American International Group in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AIG shares. Morgan Stanley boosted 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. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Wells Fargo & Company raised their price target on shares of 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. HSBC upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. decreased 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 research note on Friday, January 3rd. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.31.

American International Group Trading Down 1.0 %

AIG opened at $83.55 on Monday. The stock has a market cap of $49.57 billion, a price-to-earnings ratio of -40.17, a P/E/G ratio of 1.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a one year low of $69.00 and a one year high of $85.11. The stock’s 50 day moving average price is $78.53 and its 200-day moving average price is $75.96.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 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%. On average, equities analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.92%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Activity at American International Group

In other news, Director John G. Rice purchased 10,000 shares of the 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 directly owns 10,000 shares in the company, valued at approximately $770,000. This represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is owned by corporate insiders.

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.