American International Group, Inc. (NYSE:AIG) Director John G. Rice Acquires 10,000 Shares

American International Group, Inc. (NYSE:AIG) Director John G. Rice acquired 10,000 shares of the stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, 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 purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

American International Group Price Performance

Shares of NYSE AIG traded up $1.03 during mid-day trading on Tuesday, hitting $75.37. 4,304,750 shares of the stock traded hands, compared to its average volume of 3,972,424. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. American International Group, Inc. has a twelve month low of $68.04 and a twelve month high of $80.83. The company has a market cap of $47.02 billion, a PE ratio of -22.23, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The firm has a 50 day simple moving average of $73.45 and a two-hundred day simple moving average of $74.40.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate 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%. As a group, equities research analysts forecast that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is -47.20%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods raised their price objective on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday. The Goldman Sachs Group restated a “neutral” rating and set a $79.00 price objective (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Morgan Stanley raised their price objective on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. lowered their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Finally, Wells Fargo & Company lifted their price target on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, American International Group has an average rating of “Hold” and an average price target of $83.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Duncker Streett & Co. Inc. acquired a new position in American International Group during the 4th quarter worth about $25,000. Asset Planning Inc acquired a new position in American International Group during the 4th quarter worth about $26,000. True Wealth Design LLC acquired a new position in American International Group during the 3rd quarter worth about $29,000. BankPlus Trust Department acquired a new position in American International Group during the 4th quarter worth about $36,000. Finally, Continuum Advisory LLC lifted its holdings in American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after buying an additional 207 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

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.