Highland Capital Management LLC Boosts Stock Holdings in American International Group, Inc. (NYSE:AIG)

Highland Capital Management LLC boosted its stake in shares of American International Group, Inc. (NYSE:AIG) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,550 shares of the insurance provider’s stock after acquiring an additional 590 shares during the period. Highland Capital Management LLC’s holdings in American International Group were worth $5,593,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AIG. Meeder Advisory Services Inc. grew its stake in shares of American International Group by 1.3% in the 3rd quarter. Meeder Advisory Services Inc. now owns 12,808 shares of the insurance provider’s stock worth $776,000 after buying an additional 162 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of American International Group by 3.6% in the 3rd quarter. Avantax Advisory Services Inc. now owns 4,819 shares of the insurance provider’s stock worth $292,000 after buying an additional 167 shares in the last quarter. Steph & Co. grew its stake in shares of American International Group by 3.3% in the 3rd quarter. Steph & Co. now owns 5,448 shares of the insurance provider’s stock worth $330,000 after buying an additional 176 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of American International Group by 0.7% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 27,251 shares of the insurance provider’s stock worth $1,294,000 after buying an additional 186 shares in the last quarter. Finally, Graypoint LLC grew its stake in shares of American International Group by 2.5% in the 3rd quarter. Graypoint LLC now owns 7,760 shares of the insurance provider’s stock worth $470,000 after buying an additional 191 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other American International Group news, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at $38,346,215.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Inglis purchased 659 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the purchase, the director now owns 659 shares of the company’s stock, valued at approximately $49,682.01. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. BMO Capital Markets dropped their price objective on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. UBS Group raised their target price on shares of American International Group from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. TD Cowen assumed coverage on shares of American International Group in a report on Wednesday, January 10th. They issued a “market perform” rating and a $78.00 target price for the company. Bank of America lowered shares of American International Group from a “buy” rating to a “neutral” rating and raised their target price for the stock from $75.00 to $77.00 in a report on Tuesday, February 20th. Finally, Royal Bank of Canada raised their target price on shares of American International Group from $76.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.06.

American International Group Trading Up 1.2 %

Shares of AIG opened at $78.33 on Thursday. American International Group, Inc. has a 1-year low of $47.06 and a 1-year high of $78.39. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $53.34 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.08 and a beta of 1.02. The company has a 50-day moving average of $71.72 and a 200 day moving average of $66.67.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.20. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the firm earned $1.36 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. On average, research analysts expect that American International Group, Inc. will post 7.1 EPS for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.84%. The ex-dividend date is Wednesday, March 13th. American International Group’s dividend payout ratio is presently 28.86%.

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.