ProShare Advisors LLC Has $9.98 Million Holdings in American International Group, Inc. (NYSE:AIG)

ProShare Advisors LLC lifted its position in American International Group, Inc. (NYSE:AIG) by 7.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 137,113 shares of the insurance provider’s stock after acquiring an additional 9,585 shares during the quarter. ProShare Advisors LLC’s holdings in American International Group were worth $9,982,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group in the fourth quarter valued at $25,000. Asset Planning Inc purchased a new stake in American International Group in the 4th quarter worth about $26,000. BankPlus Trust Department purchased a new stake in American International Group in the 4th quarter worth about $36,000. Whipplewood Advisors LLC acquired a new stake in American International Group during the 4th quarter worth about $40,000. Finally, Colonial Trust Co SC grew its stake in American International Group by 150.2% during the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider’s stock valued at $54,000 after acquiring an additional 443 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG opened at $84.34 on Friday. The company has a market capitalization of $48.60 billion, a PE ratio of -40.55, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. 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, Inc. has a one year low of $69.00 and a one year high of $88.07. The company’s fifty day moving average price is $82.47 and its 200 day moving average price is $77.73.

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

American International Group Increases Dividend

The firm also recently declared 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 is an increase from American International Group’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, June 13th. American International Group’s payout ratio is currently -67.67%.

Insider Transactions at American International Group

In other news, 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 owns 21,400 shares in the company, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays increased their price target on shares of American International Group from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $91.00 target price (up previously from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Morgan Stanley upped their price target on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Evercore ISI lifted their price objective on American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a research report on Tuesday, April 1st. Finally, Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.88.

About American International Group

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.