American International Group, Inc. (NYSE:AIG) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in American International Group, Inc. (NYSE:AIG) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,599 shares of the insurance provider’s stock after acquiring an additional 720 shares during the period. HighTower Advisors LLC’s holdings in American International Group were worth $6,814,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AIG. Wellington Management Group LLP boosted its position in shares of American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after acquiring an additional 6,119,996 shares during the last quarter. Prana Capital Management LP lifted its position in American International Group by 280.5% during the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock valued at $138,264,000 after buying an additional 1,391,859 shares in the last quarter. Raymond James Financial Inc. acquired a new position in American International Group during the fourth quarter valued at approximately $95,074,000. Swedbank AB lifted its position in American International Group by 70.6% during the fourth quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock valued at $154,896,000 after buying an additional 880,625 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its position in American International Group by 9,790.9% during the fourth quarter. Proficio Capital Partners LLC now owns 690,185 shares of the insurance provider’s stock valued at $50,245,000 after buying an additional 683,207 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Up 0.1 %

Shares of NYSE:AIG opened at $84.01 on Wednesday. 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 has a fifty day simple moving average of $76.71 and a 200 day simple moving average of $75.41. The firm has a market cap of $49.85 billion, a PE ratio of -40.39, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $84.99.

American International Group (NYSE:AIG) last issued its quarterly 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, equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal 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 paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.90%. American International Group’s payout ratio is -76.92%.

Insider Buying and Selling at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of the stock in a transaction on Thursday, February 13th. The stock was purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AIG shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. 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 report on Wednesday, March 5th. Wells Fargo & Company lifted their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Morgan Stanley lifted their price target on shares of 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. Finally, UBS Group dropped their price objective on shares of 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. Eight 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, American International Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.31.

American International Group Company 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.