Insider Buying: American International Group, Inc. (NYSE:AIG) Director Purchases 635 Shares of Stock

American International Group, Inc. (NYSE:AIG) Director John C. Inglis acquired 635 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average price of $78.53 per share, for a total transaction of $49,866.55. Following the completion of the acquisition, the director now owns 1,294 shares in the company, valued at approximately $101,617.82. This trade represents a 96.36 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

American International Group Stock Performance

American International Group stock opened at $87.77 on Thursday. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. 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 stock has a market cap of $52.08 billion, a P/E ratio of -42.20, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The stock has a 50 day moving average of $79.26 and a 200-day moving average of $76.23.

American International Group (NYSE:AIG) last posted its quarterly earnings data 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 negative net margin of 4.25% and a positive return on equity of 8.01%. On average, analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.82%. The ex-dividend date was Monday, March 17th. American International Group’s dividend payout ratio is currently -76.92%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of American International Group in the 4th quarter valued at approximately $718,013,000. Wellington Management Group LLP boosted its holdings in American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after purchasing an additional 6,119,996 shares during the period. Balyasny Asset Management L.P. bought a new stake in American International Group during the fourth quarter valued at $135,325,000. Prana Capital Management LP raised its holdings in shares of American International Group by 280.5% during the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after purchasing an additional 1,391,859 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of American International Group by 2,134.0% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,426,985 shares of the insurance provider’s stock worth $103,885,000 after buying an additional 1,363,108 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. The Goldman Sachs Group increased their target price on shares of American International Group from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday. Morgan Stanley increased their price objective on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Wells Fargo & Company lifted their target price 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. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, American International Group has a consensus rating of “Moderate Buy” and a consensus target price of $86.76.

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.