Northwest & Ethical Investments L.P. Has $2.84 Million Stock Position in American International Group, Inc. (NYSE:AIG)

Northwest & Ethical Investments L.P. increased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 69.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,952 shares of the insurance provider’s stock after purchasing an additional 15,998 shares during the period. Northwest & Ethical Investments L.P.’s holdings in American International Group were worth $2,836,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new stake in American International Group during the fourth quarter worth approximately $25,000. Asset Planning Inc acquired a new stake in American International Group in the fourth quarter valued at approximately $26,000. True Wealth Design LLC acquired a new stake in American International Group in the third quarter valued at approximately $29,000. BankPlus Trust Department acquired a new stake in American International Group in the fourth quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC acquired 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 Ratings Changes

A number of equities research analysts have commented on the company. UBS Group reduced their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reduced their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Wednesday, March 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Finally, Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.31.

American International Group Stock Down 0.0 %

AIG opened at $83.64 on Friday. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $84.99. The company’s 50-day moving average is $77.20 and its 200 day moving average is $75.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $49.63 billion, a P/E ratio of -40.21, a PEG ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last posted 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%. Research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.91%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Buying and Selling

In other American International Group news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

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.