American International Group, Inc. (NYSE:AIG) Stock Holdings Increased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its stake in shares of American International Group, Inc. (NYSE:AIG) by 2,134.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,426,985 shares of the insurance provider’s stock after buying an additional 1,363,108 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in American International Group were worth $103,885,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. AdvisorShares Investments LLC boosted its holdings in shares of American International Group by 8.1% during the fourth quarter. AdvisorShares Investments LLC now owns 6,643 shares of the insurance provider’s stock worth $484,000 after purchasing an additional 500 shares during the period. Northern Trust Corp boosted its holdings in shares of American International Group by 16.9% during the fourth quarter. Northern Trust Corp now owns 7,258,648 shares of the insurance provider’s stock worth $528,430,000 after purchasing an additional 1,050,228 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of American International Group by 2.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 811,188 shares of the insurance provider’s stock worth $59,054,000 after purchasing an additional 19,007 shares during the period. Optiver Holding B.V. boosted its holdings in shares of American International Group by 330.8% during the fourth quarter. Optiver Holding B.V. now owns 1,891 shares of the insurance provider’s stock worth $138,000 after purchasing an additional 1,452 shares during the period. Finally, Quarry LP boosted its holdings in shares of American International Group by 282.4% during the fourth quarter. Quarry LP now owns 6,689 shares of the insurance provider’s stock worth $487,000 after purchasing an additional 4,940 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Price Performance

American International Group stock opened at $81.53 on Thursday. The business’s 50-day simple moving average is $82.00 and its 200 day simple moving average is $77.30. The stock has a market cap of $48.55 billion, a price-to-earnings ratio of -39.20, a P/E/G ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last announced its quarterly earnings results 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 negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s payout ratio is presently -76.92%.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. The Goldman Sachs Group increased their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 1st. Barclays reduced their price target on American International Group from $98.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Wednesday, March 5th. Morgan Stanley increased their price objective on American International Group from $76.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, April 4th. Finally, BMO Capital Markets increased their price objective on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, March 13th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.65.

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.