American International Group, Inc. (NYSE:AIG) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC grew its position in American International Group, Inc. (NYSE:AIG) by 31.4% during the fourth quarter, Holdings Channel reports. The firm owned 41,695 shares of the insurance provider’s stock after acquiring an additional 9,954 shares during the period. NEOS Investment Management LLC’s holdings in American International Group were worth $3,035,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Artemis Investment Management LLP increased its holdings in American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock worth $19,965,000 after buying an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. increased its stake in shares of American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock worth $5,155,000 after acquiring an additional 3,490 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of American International Group by 54.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock worth $924,000 after purchasing an additional 4,468 shares during the last quarter. Merit Financial Group LLC acquired a new position in American International Group during the fourth quarter valued at $1,260,000. Finally, Williams & Novak LLC purchased a new stake in American International Group in the fourth quarter valued at $279,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

American International Group Trading Down 1.0 %

Shares of American International Group stock opened at $83.55 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 twelve month low of $69.00 and a twelve month high of $85.11. The firm has a market capitalization of $49.57 billion, a PE ratio of -40.17, a P/E/G ratio of 1.01 and a beta of 0.98. The firm’s 50-day moving average price is $78.53 and its 200 day moving average price is $75.91.

American International Group (NYSE:AIG) last released its earnings results 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 4.25% and a positive return on equity of 8.01%. On average, sell-side analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.92%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AIG. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Wednesday, March 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. BMO Capital Markets raised their price objective on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research note on Thursday, March 13th. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, Morgan Stanley raised their price target on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, American International Group presently has an average rating of “Moderate Buy” and an average price target 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.