American International Group (NYSE:AIG) Trading 3% Higher – Still a Buy?

American International Group, Inc. (NYSE:AIG)’s share price rose 3% during trading on Monday . The company traded as high as $86.37 and last traded at $86.12. Approximately 971,610 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 4,320,846 shares. The stock had previously closed at $83.62.

Wall Street Analyst Weigh In

Several research firms have commented on AIG. Keefe, Bruyette & Woods increased their price target on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. 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. 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 report on Wednesday, March 5th. 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. Finally, Morgan Stanley boosted their target price on 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. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.31.

American International Group Price Performance

The stock has a fifty day simple moving average of $78.53 and a 200-day simple moving average of $75.96. The company has a market capitalization of $51.28 billion, a price-to-earnings ratio of -41.54, a P/E/G ratio of 1.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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 year.

American International Group Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Transactions at American International Group

In related 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 purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, 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 filing with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On American International Group

Large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of American International Group by 62.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 66,104 shares of the insurance provider’s stock worth $4,812,000 after acquiring an additional 25,458 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its stake in American International Group by 0.9% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 19,737 shares of the insurance provider’s stock worth $1,437,000 after purchasing an additional 169 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of American International Group during the fourth quarter worth $28,113,000. Integrated Advisors Network LLC raised its position in shares of American International Group by 1.0% in the fourth quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider’s stock valued at $1,188,000 after buying an additional 161 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new position in shares of American International Group in the fourth quarter worth about $29,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

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.