Intact Investment Management Inc. Has $1.09 Million Stake in American International Group, Inc. (NYSE:AIG)

Intact Investment Management Inc. grew its position in American International Group, Inc. (NYSE:AIG) by 34.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,000 shares of the insurance provider’s stock after acquiring an additional 3,860 shares during the period. Intact Investment Management Inc.’s holdings in American International Group were worth $1,092,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AIG. Diamond Hill Capital Management Inc. raised its position in American International Group by 3.4% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider’s stock valued at $1,029,905,000 after purchasing an additional 461,912 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of American International Group by 14.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 118,009 shares of the insurance provider’s stock valued at $8,591,000 after buying an additional 15,024 shares in the last quarter. HBK Sorce Advisory LLC raised its holdings in shares of American International Group by 6.5% in the fourth quarter. HBK Sorce Advisory LLC now owns 3,457 shares of the insurance provider’s stock valued at $252,000 after buying an additional 212 shares during the last quarter. Achmea Investment Management B.V. lifted its position in American International Group by 1.1% during the 4th quarter. Achmea Investment Management B.V. now owns 195,077 shares of the insurance provider’s stock worth $14,202,000 after buying an additional 2,193 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in American International Group by 4.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 15,136 shares of the insurance provider’s stock worth $1,102,000 after acquiring an additional 645 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AIG has been the topic of a number of research reports. HSBC upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods increased their price objective on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lowered their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. UBS Group cut their price target 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. Finally, BMO Capital Markets raised their price target on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a report on Thursday. Eight investment 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $84.31.

Insider Activity at American International Group

In related 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 acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $770,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is owned by insiders.

American International Group Stock Up 2.2 %

Shares of NYSE:AIG opened at $83.37 on Friday. The company has a 50 day moving average price of $76.25 and a two-hundred day moving average price of $75.30. The company has a market capitalization of $49.47 billion, a PE ratio of -40.08, a PEG ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 52 week low of $69.00 and a 52 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 released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 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%. Analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Monday, March 17th. 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.