Mariner LLC Has $5.39 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Mariner LLC grew its position in American International Group, Inc. (NYSE:AIG) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 73,998 shares of the insurance provider’s stock after buying an additional 1,366 shares during the period. Mariner LLC’s holdings in American International Group were worth $5,387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in American International Group during the fourth quarter worth about $718,013,000. Wellington Management Group LLP lifted its holdings in shares of American International Group by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider’s stock valued at $1,951,427,000 after purchasing an additional 1,791,964 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of American International Group in the 4th quarter valued at approximately $95,074,000. Franklin Resources Inc. grew its position in shares of American International Group by 14.0% in the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider’s stock valued at $760,528,000 after purchasing an additional 1,284,354 shares during the period. Finally, Swedbank AB increased its stake in American International Group by 70.6% during the 4th quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock worth $154,896,000 after purchasing an additional 880,625 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AIG. 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of American International Group to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, April 2nd. The Goldman Sachs Group lifted their price target on American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Tuesday, April 1st. Morgan Stanley boosted their price target on American International Group from $76.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, April 4th. Finally, UBS Group dropped their target price on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, American International Group presently has a consensus rating of “Moderate Buy” and an average target price of $87.65.

Insider Buying and Selling

In other news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is currently owned by insiders.

American International Group Stock Performance

Shares of AIG opened at $81.14 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a 50-day moving average of $81.07 and a 200-day moving average of $76.96. The company has a market cap of $48.32 billion, a PE ratio of -39.01, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Monday, March 17th. American International Group’s dividend payout ratio is presently -76.92%.

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.