Insider Buying: American International Group, Inc. (NYSE:AIG) Director Acquires 635 Shares of Stock

American International Group, Inc. (NYSE:AIG) Director John C. Inglis bought 635 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average price of $78.53 per share, for a total transaction of $49,866.55. Following the transaction, the director now owns 1,294 shares in the company, valued at approximately $101,617.82. This represents a 96.36 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

American International Group Trading Up 1.1 %

AIG traded up $0.96 during trading on Wednesday, reaching $87.77. 4,942,964 shares of the company’s stock were exchanged, compared to its average volume of 4,374,299. The firm has a fifty day moving average price of $79.00 and a two-hundred day moving average price of $76.15. The stock has a market capitalization of $52.08 billion, a PE ratio of -42.20, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.05. 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 posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. As a group, equities research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.82%. American International Group’s dividend payout ratio (DPR) is currently -76.92%.

Institutional Investors Weigh In On American International Group

Several large investors have recently modified their holdings of AIG. Duncker Streett & Co. Inc. bought a new stake in shares of American International Group during the 4th quarter valued at about $25,000. Asset Planning Inc acquired a new position in shares of American International Group during the 4th quarter valued at $26,000. Ameriflex Group Inc. bought a new position in American International Group during the fourth quarter worth $29,000. BankPlus Trust Department acquired a new stake in American International Group in the fourth quarter worth $36,000. Finally, Continuum Advisory LLC increased its stake in American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on AIG shares. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. The Goldman Sachs Group increased their price objective 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of American International Group to $91.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company raised their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. dropped their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given 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 a consensus price target of $86.76.

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.