American International Group, Inc. (NYSE:AIG) Stock Holdings Raised by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 3.4% during the 4th quarter, HoldingsChannel reports. The firm owned 14,147,050 shares of the insurance provider’s stock after buying an additional 461,912 shares during the period. American International Group comprises about 4.5% of Diamond Hill Capital Management Inc.’s investment portfolio, making the stock its largest holding. Diamond Hill Capital Management Inc.’s holdings in American International Group were worth $1,029,905,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new stake in American International Group during the 4th quarter valued at about $25,000. Asset Planning Inc acquired a new position in American International Group in the 4th quarter worth about $26,000. True Wealth Design LLC acquired a new position in shares of American International Group during the third quarter valued at approximately $29,000. BankPlus Trust Department acquired a new position in shares of American International Group during the fourth quarter valued at approximately $36,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of American International Group during the fourth quarter valued at approximately $40,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Up 1.4 %

Shares of NYSE AIG opened at $81.49 on Friday. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $83.77. The firm has a fifty day moving average of $76.03 and a 200-day moving average of $75.24. The stock has a market capitalization of $48.35 billion, a PE ratio of -39.18, a P/E/G ratio of 1.01 and a beta of 0.98. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last announced 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%. On average, analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. American International Group’s dividend payout ratio is presently -76.92%.

Insider Activity

In other American International Group news, Director John G. Rice purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AIG. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. UBS Group lowered their price target on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Morgan Stanley increased their price objective on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Eight 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.31.

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.