American International Group, Inc. (NYSE:AIG) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group boosted its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 321,646 shares of the insurance provider’s stock after acquiring an additional 11,951 shares during the period. Schroder Investment Management Group owned about 0.05% of American International Group worth $23,335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. acquired a new position in shares of American International Group during the 4th quarter worth about $25,000. Asset Planning Inc acquired a new stake in American International Group in the 4th quarter worth about $26,000. BankPlus Trust Department purchased a new stake in American International Group during the 4th quarter worth approximately $36,000. Whipplewood Advisors LLC acquired a new position in shares of American International Group during the fourth quarter valued at approximately $40,000. Finally, Fortitude Family Office LLC lifted its position in shares of American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 210 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Trading Up 1.1 %

Shares of AIG stock opened at $87.77 on Thursday. The company has a 50-day moving average of $79.26 and a two-hundred day moving average of $76.23. The firm has a market cap of $52.08 billion, a PE ratio of -42.20, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07. 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 posted 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, analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.82%. American International Group’s dividend payout ratio is presently -76.92%.

Insider Buying and Selling

In other American International Group news, Director John G. Rice acquired 10,000 shares of the company’s 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 completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on AIG. The Goldman Sachs Group boosted their price target on American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday. Evercore ISI increased their target price on shares of American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a research report on Tuesday. HSBC upgraded 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 report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Finally, BMO Capital Markets boosted their target price on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, March 13th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.76.

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.