Caisse DE Depot ET Placement DU Quebec Raises Stock Position in American International Group, Inc. (NYSE:AIG)

Caisse DE Depot ET Placement DU Quebec increased its position in shares of American International Group, Inc. (NYSE:AIG) by 2,134.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,426,985 shares of the insurance provider’s stock after buying an additional 1,363,108 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.23% of American International Group worth $103,885,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP increased its stake in American International Group by 115.9% during the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock worth $19,965,000 after buying an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. increased its stake in American International Group by 5.2% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock worth $5,155,000 after buying an additional 3,490 shares during the period. Jones Financial Companies Lllp increased its stake in American International Group by 54.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock worth $924,000 after buying an additional 4,468 shares during the period. Merit Financial Group LLC purchased a new stake in American International Group during the 4th quarter worth $1,260,000. Finally, Williams & Novak LLC purchased a new stake in American International Group during the 4th quarter worth $279,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AIG has been the subject of several research analyst reports. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. BMO Capital Markets boosted their target price on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, March 13th. Morgan Stanley boosted their price objective on shares of American International Group from $76.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, April 4th. 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. Finally, Jefferies Financial Group upped their target price on American International Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $87.65.

American International Group Stock Performance

Shares of NYSE AIG opened at $81.53 on Thursday. The stock has a fifty day moving average price of $82.00 and a two-hundred day moving average price of $77.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $48.55 billion, a P/E ratio of -39.20, a PEG ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07.

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 negative net margin of 4.25% and a positive return on equity of 8.01%. Research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 yield of 1.96%. The ex-dividend date was Monday, March 17th. American International Group’s payout ratio is currently -76.92%.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost 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 $770,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

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.