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

Lighthouse Investment Partners LLC lifted its stake in American International Group, Inc. (NYSE:AIG) by 163.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,813 shares of the insurance provider’s stock after purchasing an additional 79,867 shares during the period. Lighthouse Investment Partners LLC’s holdings in American International Group were worth $9,378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Duncker Streett & Co. Inc. bought a new position in American International Group in the 4th quarter worth $25,000. Asset Planning Inc bought a new position in American International Group in the 4th quarter worth $26,000. BankPlus Trust Department bought a new position in American International Group in the 4th quarter worth $36,000. Whipplewood Advisors LLC bought a new position in American International Group in the 4th quarter worth $40,000. Finally, Colonial Trust Co SC boosted its holdings in American International Group by 150.2% in the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider’s stock worth $54,000 after buying an additional 443 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Up 0.7%

Shares of NYSE:AIG opened at $82.39 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07. The company has a 50-day moving average price of $82.30 and a 200 day moving average price of $77.51. The company has a market cap of $47.48 billion, a price-to-earnings ratio of -39.61, a PEG ratio of 1.01 and a beta of 0.69.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.13. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter last year, the firm earned $1.25 EPS. As a group, equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.45 dividend. This is an increase from American International Group’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.18%. American International Group’s dividend payout ratio (DPR) is presently -67.67%.

Insider Activity at American International Group

In other news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christopher Flatt sold 46,182 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the completion of the sale, the executive vice president now directly owns 21,400 shares in the company, valued at $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AIG has been the subject of several recent analyst reports. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Wednesday, March 5th. UBS Group dropped their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $94.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $91.00 price objective (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Finally, Evercore ISI increased their price objective on shares of American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a report on Tuesday, April 1st. Nine 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $87.88.

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.