LRI Investments LLC Buys 343 Shares of American International Group, Inc. (NYSE:AIG)

LRI Investments LLC boosted its stake in American International Group, Inc. (NYSE:AIG) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,905 shares of the insurance provider’s stock after purchasing an additional 343 shares during the quarter. LRI Investments LLC’s holdings in American International Group were worth $357,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AIG. Catalina Capital Group LLC raised its stake in American International Group by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock valued at $222,000 after buying an additional 148 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its stake in American International Group by 1.8% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider’s stock valued at $641,000 after buying an additional 152 shares during the period. Pitcairn Co. raised its stake in American International Group by 2.2% in the fourth quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider’s stock valued at $536,000 after buying an additional 158 shares during the period. Cidel Asset Management Inc. raised its stake in American International Group by 2.1% in the fourth quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider’s stock valued at $634,000 after buying an additional 179 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in American International Group by 11.4% in 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 period. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the topic of several research analyst reports. BMO Capital Markets upped their price objective on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, March 13th. UBS Group dropped their price objective on 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. Morgan Stanley upped their price objective on American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Jefferies Financial Group increased their target price on American International Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Finally, The Goldman Sachs Group increased their target price on American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 1st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $87.88.

American International Group Trading Up 0.7%

Shares of NYSE:AIG opened at $82.39 on Monday. The business’s 50 day simple moving average is $82.30 and its 200 day simple moving average is $77.51. The company has a market capitalization of $47.48 billion, a P/E ratio of -39.61, a P/E/G ratio of 1.01 and a beta of 0.69. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.13. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.89 billion. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. During the same quarter last year, the business posted $1.25 EPS. On average, 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from American International Group’s previous quarterly dividend of $0.40. American International Group’s dividend payout ratio (DPR) is currently -67.67%.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Christopher Flatt sold 46,182 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $83.26, for a total value of $3,845,113.32. Following the sale, the executive vice president now directly owns 21,400 shares in the company, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

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.