Daiwa Securities Group Inc. Purchases 6,502 Shares of American International Group, Inc. (NYSE:AIG)

Daiwa Securities Group Inc. raised its position in shares of American International Group, Inc. (NYSE:AIG) by 6.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 107,499 shares of the insurance provider’s stock after purchasing an additional 6,502 shares during the period. Daiwa Securities Group Inc.’s holdings in American International Group were worth $7,825,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AIG. Duncker Streett & Co. Inc. purchased a new position in shares of American International Group during the 4th quarter valued at $25,000. Asset Planning Inc purchased a new stake in American International Group in the 4th quarter worth $26,000. True Wealth Design LLC bought a new stake in American International Group during the third quarter valued at about $29,000. BankPlus Trust Department purchased a new position in shares of American International Group in the fourth quarter valued at about $36,000. Finally, Whipplewood Advisors LLC bought a new position in shares of American International Group in the fourth quarter worth about $40,000. 90.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. reduced their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. UBS Group cut their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.38.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.61% of the company’s stock.

American International Group Stock Performance

NYSE:AIG opened at $81.66 on Wednesday. The firm has a market capitalization of $48.45 billion, a PE ratio of -39.26, a PEG ratio of 1.01 and a beta of 0.98. The stock’s fifty day moving average is $75.71 and its 200 day moving average is $75.16. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $83.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate 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%. On average, sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

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.