MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Holdings in American International Group, Inc. (NYSE:AIG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of American International Group, Inc. (NYSE:AIG) by 12.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 211,934 shares of the insurance provider’s stock after buying an additional 23,809 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in American International Group were worth $15,429,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AIG. Miracle Mile Advisors LLC lifted its stake in shares of American International Group by 112.5% during the 4th quarter. Miracle Mile Advisors LLC now owns 7,970 shares of the insurance provider’s stock valued at $580,000 after buying an additional 4,220 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in American International Group by 36.3% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,651 shares of the insurance provider’s stock worth $339,000 after purchasing an additional 1,238 shares in the last quarter. Pines Wealth Management LLC purchased a new stake in American International Group in the 4th quarter worth $207,000. CHURCHILL MANAGEMENT Corp lifted its stake in American International Group by 3.7% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 169,291 shares of the insurance provider’s stock worth $12,324,000 after purchasing an additional 6,090 shares in the last quarter. Finally, Sendero Wealth Management LLC lifted its stake in American International Group by 4.1% in the 4th quarter. Sendero Wealth Management LLC now owns 35,869 shares of the insurance provider’s stock worth $2,611,000 after purchasing an additional 1,409 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. The Goldman Sachs Group boosted 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of American International Group to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, April 2nd. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. UBS Group reduced their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Morgan Stanley boosted their target price on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. 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’s stock. According to data from MarketBeat.com, American International Group has a consensus rating of “Moderate Buy” and an average price target of $87.88.

American International Group Stock Performance

Shares of NYSE:AIG opened at $83.17 on Friday. The company has a market capitalization of $47.93 billion, a price-to-earnings ratio of -39.99, a PEG ratio of 1.01 and a beta of 0.69. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07. The firm’s 50-day moving average is $82.42 and its 200 day moving average is $77.67. 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 (NYSE:AIG) last issued its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.04 by $0.13. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate 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 prior year, the firm posted $1.25 EPS. Research analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.16%. This is a boost from American International Group’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, June 13th. American International Group’s payout ratio is -67.67%.

Insider Buying and Selling at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 21,400 shares of the company’s stock, valued at $1,781,764. The trade was a 68.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

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.