Fiduciary Group LLC Acquires 400 Shares of American International Group, Inc. (NYSE:AIG)

Fiduciary Group LLC increased its stake in American International Group, Inc. (NYSE:AIG) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,943 shares of the insurance provider’s stock after acquiring an additional 400 shares during the quarter. Fiduciary Group LLC’s holdings in American International Group were worth $335,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AIG. LSV Asset Management boosted its holdings in American International Group by 13.2% in the third quarter. LSV Asset Management now owns 5,496,879 shares of the insurance provider’s stock worth $333,111,000 after acquiring an additional 639,079 shares in the last quarter. FMR LLC raised its position in shares of American International Group by 5.0% during the third quarter. FMR LLC now owns 12,745,085 shares of the insurance provider’s stock worth $772,352,000 after purchasing an additional 604,901 shares during the period. Invesco Ltd. lifted its holdings in shares of American International Group by 3.0% in the 3rd quarter. Invesco Ltd. now owns 17,085,545 shares of the insurance provider’s stock worth $1,035,384,000 after purchasing an additional 503,547 shares in the last quarter. Westfield Capital Management Co. LP grew its position in American International Group by 55.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,336,355 shares of the insurance provider’s stock valued at $80,983,000 after purchasing an additional 476,104 shares during the period. Finally, Adams Diversified Equity Fund Inc. acquired a new stake in American International Group in the 3rd quarter valued at $25,549,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Activity at American International Group

In other American International Group news, CEO Peter Zaffino sold 333,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the sale, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director John C. Inglis purchased 659 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average price of $75.39 per share, with a total value of $49,682.01. Following the acquisition, the director now directly owns 659 shares of the company’s stock, valued at $49,682.01. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction on Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the sale, the chief executive officer now directly owns 505,420 shares of the company’s stock, valued at $38,346,215.40. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

American International Group Stock Performance

NYSE:AIG opened at $75.74 on Tuesday. The business has a fifty day simple moving average of $74.81 and a two-hundred day simple moving average of $69.15. American International Group, Inc. has a 1 year low of $48.95 and a 1 year high of $78.95. The company has a market capitalization of $51.58 billion, a P/E ratio of 15.18, a P/E/G ratio of 1.07 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The company had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the prior year, the company posted $1.36 EPS. American International Group’s revenue was up .0% compared to the same quarter last year. On average, analysts expect that American International Group, Inc. will post 6.95 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group’s dividend payout ratio (DPR) is presently 28.86%.

Analysts Set New Price Targets

A number of research firms have weighed in on AIG. Morgan Stanley raised their price objective on shares of American International Group from $72.00 to $79.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Evercore ISI lifted their price target on American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Royal Bank of Canada increased their price objective on American International Group from $76.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. BMO Capital Markets dropped their target price on American International Group from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Finally, TD Cowen started coverage on American International Group in a report on Wednesday, January 10th. They set a “market perform” rating and a $78.00 price target for the company. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.38.

About American International Group

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.