FDO Partners LLC bought a new position in shares of American International Group, Inc. (NYSE:AIG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,399 shares of the insurance provider’s stock, valued at approximately $774,000.
Other large investors have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd increased its stake in American International Group by 29.7% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 7,601 shares of the insurance provider’s stock worth $497,000 after buying an additional 1,740 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of American International Group by 1,273.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,805,543 shares of the insurance provider’s stock worth $117,948,000 after buying an additional 1,674,050 shares during the last quarter. Aviva PLC boosted its stake in shares of American International Group by 2.7% in the fourth quarter. Aviva PLC now owns 788,375 shares of the insurance provider’s stock worth $51,505,000 after buying an additional 20,602 shares during the last quarter. Elkfork Partners LLC purchased a new stake in shares of American International Group during the fourth quarter worth $21,154,000. Finally, Marshall Wace LLP purchased a new stake in shares of American International Group during the fourth quarter worth $6,915,000. Institutional investors own 86.20% of the company’s stock.
Shares of American International Group, Inc. (NYSE AIG) traded down 0.64% during mid-day trading on Tuesday, reaching $63.54. The company’s stock had a trading volume of 977,048 shares. The firm has a 50-day moving average of $62.76 and a 200-day moving average of $63.55. American International Group, Inc. has a 52 week low of $48.41 and a 52 week high of $67.47. The firm has a market capitalization of $58.82 billion, a PE ratio of 129.15 and a beta of 1.16.
American International Group (NYSE:AIG) last announced its earnings results on Wednesday, May 3rd. The insurance provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.25. The company had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $11 billion. American International Group had a return on equity of 5.36% and a net margin of 1.00%. During the same period last year, the firm earned $0.65 earnings per share. Equities research analysts forecast that American International Group, Inc. will post $5.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 14th will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, June 12th. This represents a $1.28 annualized dividend and a dividend yield of 2.00%. American International Group’s dividend payout ratio is presently 412.92%.
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A number of equities research analysts have recently weighed in on AIG shares. Wells Fargo & Co reaffirmed a “hold” rating on shares of American International Group in a research note on Friday, March 24th. Credit Suisse Group set a $72.00 price objective on American International Group and gave the company a “buy” rating in a research note on Saturday, April 15th. Morgan Stanley raised American International Group from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $62.87 to $61.82 in a research note on Tuesday, May 16th. TheStreet cut American International Group from a “b-” rating to a “c” rating in a research note on Friday, February 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of American International Group in a research note on Saturday, March 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $64.58.
In other American International Group news, CEO Brian Duperreault bought 80,000 shares of the stock in a transaction dated Thursday, May 18th. The stock was bought at an average cost of $61.48 per share, for a total transaction of $4,918,400.00. Following the completion of the purchase, the chief executive officer now directly owns 80,000 shares of the company’s stock, valued at $4,918,400. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by company insiders.
About American International Group
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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