Balyasny Asset Management L.P. Buys Shares of 1,858,862 American International Group, Inc. (NYSE:AIG)

Balyasny Asset Management L.P. purchased a new stake in shares of American International Group, Inc. (NYSE:AIG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,858,862 shares of the insurance provider’s stock, valued at approximately $135,325,000. Balyasny Asset Management L.P. owned about 0.30% of American International Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Catalina Capital Group LLC raised its position in shares of American International Group by 5.1% in the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock valued at $222,000 after purchasing an additional 148 shares during the last quarter. Pitcairn Co. increased its stake in American International Group by 2.2% during the 4th quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider’s stock valued at $536,000 after purchasing an additional 158 shares in the last quarter. Hilltop National Bank raised its holdings in shares of American International Group by 4.7% in the fourth quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider’s stock worth $283,000 after buying an additional 175 shares during the last quarter. Cidel Asset Management Inc. lifted its stake in shares of American International Group by 2.1% during the fourth quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider’s stock worth $634,000 after buying an additional 179 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of American International Group by 11.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider’s stock valued at $127,000 after buying an additional 179 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

Insider Activity at American International Group

In other news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.61% of the stock is currently owned by company insiders.

American International Group Stock Up 3.4 %

AIG opened at $83.55 on Friday. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The business has a 50 day moving average price of $82.13 and a two-hundred day moving average price of $77.36. 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 company has a market cap of $49.75 billion, a PE ratio of -40.17, a P/E/G ratio of 1.01 and a beta of 0.63.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.13. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. During the same period in the previous year, the business posted $1.25 earnings per share. As a group, research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.45 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.15%. This is a boost from American International Group’s previous quarterly dividend of $0.40. American International Group’s dividend payout ratio is currently -76.92%.

Analyst Upgrades and Downgrades

AIG has been the topic of several research analyst reports. Morgan Stanley boosted their price target on American International Group from $76.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, April 4th. BMO Capital Markets increased their price target on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, March 13th. Evercore ISI lifted their price objective on shares of American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of American International Group to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, April 2nd. Finally, HSBC upgraded shares of 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. Nine 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $87.71.

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.