American International Group, Inc. (NYSE:AIG) Stock Holdings Increased by Brown Advisory Inc.

Brown Advisory Inc. lifted its stake in American International Group, Inc. (NYSE:AIG) by 1.4% in the first quarter, Holdings Channel.com reports. The firm owned 1,863,278 shares of the insurance provider’s stock after acquiring an additional 25,708 shares during the quarter. Brown Advisory Inc.’s holdings in American International Group were worth $161,993,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in shares of American International Group in the fourth quarter worth approximately $29,000. NBC Securities Inc. bought a new position in American International Group during the first quarter valued at approximately $47,000. Colonial Trust Co SC raised its position in American International Group by 150.2% during the fourth quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider’s stock valued at $54,000 after acquiring an additional 443 shares in the last quarter. True Wealth Design LLC raised its position in American International Group by 159.6% during the fourth quarter. True Wealth Design LLC now owns 1,041 shares of the insurance provider’s stock valued at $76,000 after acquiring an additional 640 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in American International Group by 359.9% during the first quarter. Versant Capital Management Inc now owns 1,113 shares of the insurance provider’s stock valued at $97,000 after acquiring an additional 871 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Down 0.3%

AIG opened at $82.93 on Tuesday. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64. The firm’s fifty day moving average price is $83.79 and its two-hundred day moving average price is $80.09. The company has a market capitalization of $47.80 billion, a P/E ratio of -31.18, a P/E/G ratio of 0.91 and a beta of 0.63.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.04 by $0.13. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter in the previous year, the company earned $1.25 EPS. On average, analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from American International Group’s previous quarterly dividend of $0.40. American International Group’s payout ratio is currently -67.67%.

Insider Activity at American International Group

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AIG. The Goldman Sachs Group raised 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. Jefferies Financial Group increased their price target on American International Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, April 11th. Evercore ISI increased their price target on American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $91.00 price target (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Finally, Wells Fargo & Company increased their price target on American International Group from $81.00 to $82.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. Nine 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.12.

American International Group 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.