American International Group, Inc. (NYSE:AIG) Stock Position Increased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its holdings in shares of American International Group, Inc. (NYSE:AIG) by 29.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 707,661 shares of the insurance provider’s stock after purchasing an additional 160,253 shares during the period. Canada Pension Plan Investment Board’s holdings in American International Group were worth $51,518,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of American International Group during the 4th quarter valued at $718,013,000. Wellington Management Group LLP raised its position in American International Group by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider’s stock worth $1,951,427,000 after acquiring an additional 1,791,964 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of American International Group during the 4th quarter valued at about $95,074,000. Franklin Resources Inc. grew its stake in shares of American International Group by 14.0% in the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider’s stock worth $760,528,000 after purchasing an additional 1,284,354 shares during the last quarter. Finally, Swedbank AB lifted its stake in American International Group by 70.6% during the fourth quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock valued at $154,896,000 after purchasing an additional 880,625 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

AIG stock opened at $81.14 on Friday. The firm has a 50 day moving average of $81.07 and a two-hundred day moving average of $76.93. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07. The company has a market capitalization of $48.32 billion, a price-to-earnings ratio of -39.01, a P/E/G ratio of 1.01 and a beta of 0.63. 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 issued its quarterly earnings data 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 analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Monday, March 17th. American International Group’s dividend payout ratio is -76.92%.

Analysts Set New Price Targets

AIG has been the topic of several research reports. Jefferies Financial Group upped their price target on American International Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, April 11th. Morgan Stanley increased their price target on American International Group from $76.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, April 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of American International Group to $91.00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of American International Group from $98.00 to $94.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.65.

Insider Activity at American International Group

In other news, Director John G. Rice bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by company insiders.

American International Group 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.