Osprey Private Wealth LLC Takes $230,000 Position in American International Group, Inc. (NYSE:AIG)

Osprey Private Wealth LLC bought a new position in American International Group, Inc. (NYSE:AIG) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 2,650 shares of the insurance provider’s stock, valued at approximately $230,000.

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

Analyst Upgrades and Downgrades

AIG has been the subject of a number of analyst reports. Barclays upped their price objective on shares of American International Group from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. The Goldman Sachs Group lifted their price objective on American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Tuesday, April 1st. Morgan Stanley boosted their target price on shares of American International Group from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, May 19th. Finally, HSBC raised 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 report on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $88.12.

Insider Transactions at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were 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 owns 21,400 shares of the company’s stock, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

American International Group Stock Up 1.7%

American International Group stock opened at $85.85 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $49.48 billion, a PE ratio of -41.27, a price-to-earnings-growth ratio of 1.01 and a beta of 0.64. The company has a 50 day moving average of $82.69 and a 200-day moving average of $78.81. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07.

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

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.45 dividend. This is a positive change from American International Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 2.10%. American International Group’s dividend payout ratio (DPR) is presently -67.67%.

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.