First Affirmative Financial Network Takes $201,000 Position in American International Group, Inc. (NYSE:AIG)

First Affirmative Financial Network acquired a new position in American International Group, Inc. (NYSE:AIG) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 2,307 shares of the insurance provider’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Jones Financial Companies Lllp increased its stake 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 purchasing an additional 4,468 shares during the period. Principal Securities Inc. raised its holdings in American International Group by 94.4% during the 4th quarter. Principal Securities Inc. now owns 11,374 shares of the insurance provider’s stock valued at $828,000 after buying an additional 5,522 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in American International Group by 34.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,161 shares of the insurance provider’s stock valued at $813,000 after buying an additional 2,874 shares during the last quarter. Empowered Funds LLC boosted its position in American International Group by 13.3% during the 4th quarter. Empowered Funds LLC now owns 13,513 shares of the insurance provider’s stock valued at $984,000 after buying an additional 1,585 shares during the period. Finally, AustralianSuper Pty Ltd grew its holdings in American International Group by 42.5% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,465,871 shares of the insurance provider’s stock worth $106,715,000 after acquiring an additional 437,339 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Insider Activity at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of American International Group stock in a transaction on Monday, May 5th. The stock was sold at an average price of $83.26, for a total value of $3,845,113.32. Following the completion of the sale, the executive vice president now owns 21,400 shares of the company’s stock, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AIG shares. Barclays boosted their price target on American International Group from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. restated a “neutral” rating and set a $91.00 target price (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Hsbc Global Res raised American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. The Goldman Sachs Group boosted their price objective on shares of American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, April 1st. Finally, BMO Capital Markets raised their target price on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.12.

American International Group Price Performance

Shares of NYSE:AIG opened at $87.42 on Friday. The business has a fifty day moving average price of $82.50 and a 200-day moving average price of $78.58. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $50.38 billion, a PE ratio of -42.03, a PEG ratio of 1.01 and a beta of 0.64. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $88.07.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.13. The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.89 billion. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. During the same period last year, the business earned $1.25 EPS. As a group, equities analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.45 dividend. This is a positive change from American International Group’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Friday, June 13th. American International Group’s payout ratio is presently -67.67%.

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.