MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in American International Group, Inc. (NYSE:AIG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of American International Group, Inc. (NYSE:AIG) by 12.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 211,934 shares of the insurance provider’s stock after purchasing an additional 23,809 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in American International Group were worth $15,429,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AIG. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group during the fourth quarter worth about $25,000. Asset Planning Inc purchased a new stake in American International Group in the fourth quarter worth about $26,000. BankPlus Trust Department bought a new position in shares of American International Group during the fourth quarter valued at approximately $36,000. Whipplewood Advisors LLC bought a new position in shares of American International Group during the fourth quarter valued at approximately $40,000. Finally, Colonial Trust Co SC increased its stake in shares of American International Group by 150.2% during the fourth quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 443 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of American International Group from $94.00 to $97.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Morgan Stanley raised their target price on shares of American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $91.00 target price (up previously from $83.00) on shares of American International Group in a research note on Tuesday, April 8th. Finally, UBS Group decreased 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 research note on Tuesday, February 18th. 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 stock. According to MarketBeat, American International Group presently has an average rating of “Moderate Buy” and a consensus target price of $87.88.

Insiders Place Their Bets

In other news, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction on Monday, May 5th. The shares were sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the transaction, the executive vice president now owns 21,400 shares in the company, valued at $1,781,764. This trade represents a 68.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by insiders.

American International Group Trading Up 1.6%

NYSE:AIG opened at $83.17 on Friday. 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 market cap of $47.93 billion, a PE ratio of -39.99, a price-to-earnings-growth ratio of 1.01 and a beta of 0.69. The company has a 50 day simple moving average of $82.42 and a two-hundred day simple moving average of $77.67.

American International Group (NYSE:AIG) last posted its earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping 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 business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter in the previous year, the firm posted $1.25 EPS. Research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from American International Group’s previous quarterly dividend of $0.40. American International Group’s payout ratio is -67.67%.

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.