American International Group, Inc. (NYSE:AIG) Shares Bought by Assetmark Inc.

Assetmark Inc. raised its position in American International Group, Inc. (NYSE:AIG) by 4.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 43,876 shares of the insurance provider’s stock after buying an additional 2,057 shares during the quarter. Assetmark Inc.’s holdings in American International Group were worth $3,194,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Duncker Streett & Co. Inc. acquired a new position in shares of American International Group during the 4th quarter worth $25,000. Asset Planning Inc acquired a new position in shares of American International Group during the 4th quarter worth $26,000. True Wealth Design LLC acquired a new position in shares of American International Group during the 3rd quarter worth $29,000. BankPlus Trust Department acquired a new position in shares of American International Group during the 4th quarter worth $36,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of American International Group during the 4th quarter worth $40,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AIG shares. Morgan Stanley upped their price target on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Wells Fargo & Company increased their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered 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 note on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

Insider Transactions at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

American International Group Price Performance

NYSE:AIG opened at $81.58 on Monday. The firm has a market cap of $48.40 billion, a price-to-earnings ratio of -39.22, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average is $75.35 and its two-hundred day moving average is $75.06. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $83.77.

American International Group (NYSE:AIG) last announced its quarterly earnings data 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 positive return on equity of 8.01% and a negative net margin of 4.25%. Research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business 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. 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 payout ratio is currently -76.92%.

American International Group 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.