UniSuper Management Pty Ltd Has $3.80 Million Position in American International Group, Inc. (NYSE:AIG)

UniSuper Management Pty Ltd lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 25.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 52,176 shares of the insurance provider’s stock after buying an additional 10,744 shares during the period. UniSuper Management Pty Ltd’s holdings in American International Group were worth $3,798,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AIG. Wellington Management Group LLP boosted its position in American International Group by 32.4% during the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock valued at $1,831,727,000 after purchasing an additional 6,119,996 shares during the last quarter. Prana Capital Management LP boosted its holdings in shares of American International Group by 280.5% in the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock valued at $138,264,000 after buying an additional 1,391,859 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of American International Group in the fourth quarter valued at $95,074,000. Swedbank AB increased its holdings 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 worth $154,896,000 after buying an additional 880,625 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its position in American International Group by 9,790.9% during the fourth quarter. Proficio Capital Partners LLC now owns 690,185 shares of the insurance provider’s stock worth $50,245,000 after acquiring an additional 683,207 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Down 1.0 %

Shares of AIG opened at $83.55 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $85.11. The firm’s 50 day moving average is $78.53 and its 200-day moving average is $75.91. The stock has a market capitalization of $49.57 billion, a PE ratio of -40.17, a P/E/G 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 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%. Equities research 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.92%. American International Group’s dividend payout ratio is -76.92%.

Insiders Place Their Bets

In other American International Group news, Director John G. Rice bought 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost 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 filing with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AIG shares. UBS Group lowered their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company boosted their price target on 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. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 price objective (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Morgan Stanley boosted their target price on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, Keefe, Bruyette & Woods raised their price target on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, American International Group presently has an average rating of “Moderate Buy” and an average target price of $84.31.

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.