American Century Companies Inc. Grows Stock Position in American International Group, Inc. (NYSE:AIG)

American Century Companies Inc. lifted its stake in American International Group, Inc. (NYSE:AIG) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 746,511 shares of the insurance provider’s stock after buying an additional 64,461 shares during the quarter. American Century Companies Inc. owned approximately 0.12% of American International Group worth $54,346,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mizuho Securities USA LLC grew its stake in shares of American International Group by 41.6% during the 4th quarter. Mizuho Securities USA LLC now owns 59,119 shares of the insurance provider’s stock worth $4,304,000 after purchasing an additional 17,362 shares during the period. Sciencast Management LP boosted its holdings in American International Group by 9.0% during the fourth quarter. Sciencast Management LP now owns 41,747 shares of the insurance provider’s stock worth $3,039,000 after buying an additional 3,444 shares in the last quarter. Lee Danner & Bass Inc. grew its position in American International Group by 1.6% during the fourth quarter. Lee Danner & Bass Inc. now owns 16,525 shares of the insurance provider’s stock valued at $1,203,000 after buying an additional 260 shares during the period. Northwest & Ethical Investments L.P. increased its holdings in American International Group by 69.7% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 38,952 shares of the insurance provider’s stock valued at $2,836,000 after buying an additional 15,998 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of American International Group by 349.2% in the fourth quarter. Teacher Retirement System of Texas now owns 76,043 shares of the insurance provider’s stock worth $5,536,000 after acquiring an additional 59,113 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AIG. Wells Fargo & Company lifted their price target on 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. BMO Capital Markets boosted their price objective on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, March 13th. Morgan Stanley increased 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. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Wednesday, March 5th. Finally, Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.31.

Insider Buying and Selling

In other American International Group news, Director John G. Rice purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following 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 position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.61% of the stock is currently owned by company insiders.

American International Group Stock Up 0.3 %

Shares of NYSE:AIG opened at $84.17 on Thursday. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $85.11. The stock has a market cap of $49.94 billion, a P/E ratio of -40.47, a PEG ratio of 1.01 and a beta of 0.98. The business has a fifty day moving average of $78.16 and a two-hundred day moving average of $75.77. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

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

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio 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.