AustralianSuper Pty Ltd Grows Stock Position in American International Group, Inc. (NYSE:AIG)

AustralianSuper Pty Ltd lifted its stake in American International Group, Inc. (NYSE:AIG) by 42.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,465,871 shares of the insurance provider’s stock after purchasing an additional 437,339 shares during the period. AustralianSuper Pty Ltd’s holdings in American International Group were worth $106,715,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Catalina Capital Group LLC boosted its holdings in American International Group by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock valued at $222,000 after purchasing an additional 148 shares during the period. EagleClaw Capital Managment LLC lifted its holdings in American International Group by 0.5% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock worth $2,225,000 after buying an additional 150 shares during the last quarter. Independent Advisor Alliance increased its position in shares of American International Group by 1.6% during the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock worth $761,000 after purchasing an additional 161 shares in the last quarter. Graypoint LLC increased its position in shares of American International Group by 2.0% during the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock worth $635,000 after purchasing an additional 167 shares in the last quarter. Finally, Commerce Bank increased its position in shares of American International Group by 1.0% during the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock worth $1,262,000 after purchasing an additional 172 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AIG has been the topic of a number of research analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Morgan Stanley lifted their target price on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday. Keefe, Bruyette & Woods lifted their target price on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. cut their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, American International Group currently has an average rating of “Hold” and an average target price of $84.06.

American International Group Price Performance

Shares of AIG opened at $74.27 on Friday. American International Group, Inc. has a twelve month low of $68.04 and a twelve month high of $80.83. The stock’s 50 day moving average is $73.47 and its two-hundred day moving average is $74.49. The firm has a market capitalization of $46.33 billion, a PE ratio of -21.91, a P/E/G ratio of 5.87 and a beta of 1.05. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced 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 negative net margin of 6.19% and a positive return on equity of 8.63%. Research analysts anticipate that American International Group, Inc. will post 4.89 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently declared 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. This represents a $1.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is -47.20%.

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.