Diametric Capital LP Raises Position in American International Group, Inc. (NYSE:AIG)

Diametric Capital LP lifted its stake in shares of American International Group, Inc. (NYSE:AIG) by 127.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,055 shares of the insurance provider’s stock after acquiring an additional 5,067 shares during the period. Diametric Capital LP’s holdings in American International Group were worth $659,000 as of its most recent SEC filing.

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

American International Group Stock Up 4.1 %

Shares of American International Group stock opened at $87.01 on Tuesday. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $87.51. The stock has a market capitalization of $51.63 billion, a price-to-earnings ratio of -41.83, a PEG ratio of 1.01 and a beta of 0.98. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The business’s 50 day simple moving average is $78.77 and its 200-day simple moving average is $76.05.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Monday, March 17th. American International Group’s payout ratio is -76.92%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. UBS Group reduced their target price on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. 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. Wells Fargo & Company upped their price target on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. decreased 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. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.31.

Insiders Place Their Bets

In other American International Group news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by insiders.

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.