Alberta Investment Management Corp Acquires New Stake in American International Group, Inc. (NYSE:AIG)

Alberta Investment Management Corp acquired a new stake in American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 9,500 shares of the insurance provider’s stock, valued at approximately $692,000.

Other institutional investors also recently made changes to their positions in the company. Asset Planning Inc purchased a new stake in shares of American International Group during the 4th quarter worth $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group during the 3rd quarter worth $29,000. Continuum Advisory LLC boosted its position in shares of American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 207 shares in the last quarter. Fortitude Family Office LLC boosted its position in shares of American International Group by 58.3% during the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of American International Group during the 3rd quarter worth $46,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice bought 10,000 shares of the business’s 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 completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is currently owned by company insiders.

American International Group Stock Performance

Shares of AIG opened at $76.72 on Friday. The business’s fifty day moving average price is $73.68 and its 200 day moving average price is $74.51. American International Group, Inc. has a 12-month low of $68.65 and a 12-month high of $80.83. The stock has a market capitalization of $45.52 billion, a PE ratio of -36.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.05. 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 posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (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%. Equities research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s payout ratio is -76.92%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AIG. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods boosted their target price on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company lifted their price target on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, American International Group has a consensus rating of “Hold” and a consensus price target of $83.94.

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.