American International Group Inc (NYSE:AIG) Position Lifted by National Asset Management Inc.

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National Asset Management Inc. raised its stake in American International Group Inc (NYSE:AIG) by 12.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,369 shares of the insurance provider’s stock after acquiring an additional 803 shares during the period. National Asset Management Inc.’s holdings in American International Group were worth $319,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Greenleaf Trust acquired a new position in shares of American International Group during the 1st quarter worth $214,000. Strategy Asset Managers LLC raised its stake in American International Group by 5.5% during the 1st quarter. Strategy Asset Managers LLC now owns 180,170 shares of the insurance provider’s stock worth $7,758,000 after buying an additional 9,345 shares during the period. Tdam USA Inc. raised its stake in American International Group by 16.4% during the 1st quarter. Tdam USA Inc. now owns 153,591 shares of the insurance provider’s stock worth $6,614,000 after buying an additional 21,609 shares during the period. Sustainable Insight Capital Management LLC acquired a new position in American International Group during the 1st quarter worth approximately $754,000. Finally, Murphy Pohlad Asset Management LLC raised its stake in American International Group by 36,938.5% during the 1st quarter. Murphy Pohlad Asset Management LLC now owns 4,815 shares of the insurance provider’s stock worth $207,000 after buying an additional 4,802 shares during the period. 90.06% of the stock is owned by hedge funds and other institutional investors.

In other American International Group news, Director Therese M. Vaughan bought 1,000 shares of American International Group stock in a transaction dated Thursday, May 23rd. The stock was bought at an average cost of $51.71 per share, with a total value of $51,710.00. Following the completion of the acquisition, the director now directly owns 1,000 shares in the company, valued at approximately $51,710. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

A number of research analysts recently weighed in on the company. Deutsche Bank downgraded American International Group from a “buy” rating to a “hold” rating and set a $53.35 price target on the stock. in a research note on Wednesday, June 5th. They noted that the move was a valuation call. Morgan Stanley increased their price objective on American International Group from $57.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Barclays increased their price objective on American International Group from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Zacks Investment Research raised American International Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Thursday, May 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $56.00 price objective on shares of American International Group in a research note on Wednesday, May 8th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $54.85.

Shares of AIG stock traded up $0.36 during trading on Tuesday, hitting $53.35. The company’s stock had a trading volume of 3,313,700 shares, compared to its average volume of 5,387,237. The firm has a market cap of $45.98 billion, a PE ratio of 45.60, a P/E/G ratio of 0.98 and a beta of 1.21. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.58. American International Group Inc has a 52 week low of $36.16 and a 52 week high of $56.36.

American International Group (NYSE:AIG) last released its earnings results on Monday, May 6th. The insurance provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.52. The company had revenue of $12.90 billion during the quarter, compared to analyst estimates of $12.25 billion. American International Group had a positive return on equity of 2.48% and a negative net margin of 0.60%. During the same period in the prior year, the company posted $1.04 earnings per share. On average, research analysts expect that American International Group Inc will post 4.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, June 13th. American International Group’s dividend payout ratio is presently 109.40%.

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About American International Group

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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