Easterly Investment Partners LLC Boosts Holdings in American International Group, Inc. (NYSE:AIG)

Easterly Investment Partners LLC boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,640 shares of the insurance provider’s stock after purchasing an additional 4,063 shares during the period. Easterly Investment Partners LLC’s holdings in American International Group were worth $7,327,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AIG. Duncker Streett & Co. Inc. bought a new stake in American International Group in the fourth quarter valued at about $25,000. Asset Planning Inc bought a new position in American International Group during the fourth quarter worth $26,000. True Wealth Design LLC bought a new position in American International Group during the third quarter worth $29,000. BankPlus Trust Department acquired a new position 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% during 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 during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Transactions at American International Group

In related news, Director John G. Rice bought 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 completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on AIG. Wells Fargo & Company increased their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. BMO Capital Markets raised their price target on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a report on Thursday, March 13th. JPMorgan Chase & Co. decreased their target price on shares of 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. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.31.

American International Group Stock Performance

AIG stock opened at $84.17 on Thursday. The firm has a 50 day moving average of $78.16 and a two-hundred day moving average of $75.77. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $85.11. The company has a market capitalization of $49.94 billion, a price-to-earnings ratio of -40.47, a P/E/G ratio of 1.01 and a beta of 0.98. 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 issued 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 positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, equities 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend 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.