American International Group, Inc. (NYSE:AIG) Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI raised its stake in shares of American International Group, Inc. (NYSE:AIG) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,029 shares of the insurance provider’s stock after purchasing an additional 3,192 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in American International Group were worth $2,542,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Duncker Streett & Co. Inc. acquired a new stake in shares of American International Group during the 4th quarter worth $25,000. Asset Planning Inc acquired a new stake in American International Group during the fourth quarter worth about $26,000. True Wealth Design LLC purchased a new position in shares of American International Group in the 3rd quarter worth about $29,000. BankPlus Trust Department acquired a new position in shares of American International Group in the 4th quarter valued at about $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in American International Group during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AIG shares. 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 research note on Friday, January 3rd. The Goldman Sachs Group reiterated 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. UBS Group reduced their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company raised their target price on 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, Keefe, Bruyette & Woods upped their price target on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.94.

Insiders Place Their Bets

In related news, Director John G. Rice bought 10,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

American International Group Stock Performance

Shares of American International Group stock opened at $82.48 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $83.77. The firm’s 50-day simple moving average is $74.71 and its 200-day simple moving average is $74.87. The firm has a market cap of $48.94 billion, a PE ratio of -39.65, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05.

American International Group (NYSE:AIG) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Equities analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

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 of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.94%. American International Group’s payout ratio is -76.92%.

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.