May Hill Capital LLC Acquires New Position in American International Group, Inc. (NYSE:AIG)

May Hill Capital LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,045 shares of the insurance provider’s stock, valued at approximately $222,000.

Other large investors have also recently bought and sold shares of the company. Catalina Capital Group LLC lifted its holdings in shares of American International Group by 5.1% in the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock worth $222,000 after purchasing an additional 148 shares during the last quarter. Hilltop National Bank lifted its stake in American International Group by 4.7% in the fourth quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider’s stock valued at $283,000 after buying an additional 175 shares during the last quarter. Cidel Asset Management Inc. boosted its holdings in shares of American International Group by 2.1% during the fourth quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider’s stock valued at $634,000 after acquiring an additional 179 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of American International Group by 11.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider’s stock worth $127,000 after acquiring an additional 179 shares during the last quarter. Finally, Foster & Motley Inc. increased its holdings in shares of American International Group by 0.8% in the 4th quarter. Foster & Motley Inc. now owns 23,552 shares of the insurance provider’s stock worth $1,715,000 after acquiring an additional 194 shares during the period. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Evercore ISI boosted their target price on shares of American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a research note on Tuesday. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Morgan Stanley raised their target price on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. The Goldman Sachs Group boosted their price target on American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods raised their price target on American International Group from $90.00 to $98.00 and gave the company an “outperform” rating in a report on Tuesday. Eight 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Insider Transactions at American International Group

In other news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is currently owned by insiders.

American International Group Trading Down 0.3 %

American International Group stock opened at $86.69 on Wednesday. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $87.51. The firm’s 50 day moving average price is $79.00 and its two-hundred day moving average price is $76.15. The firm has a market cap of $51.43 billion, a price-to-earnings ratio of -41.68, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. On average, research analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Monday, March 17th. American International Group’s payout ratio is -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.