American International Group Inc (AIG) Stake Raised by Smith Salley & Associates

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Smith Salley & Associates raised its stake in American International Group Inc (NYSE:AIG) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,282 shares of the insurance provider’s stock after purchasing an additional 1,203 shares during the period. Smith Salley & Associates’ holdings in American International Group were worth $5,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AIG. Schwab Charles Investment Management Inc. raised its position in shares of American International Group by 4.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,749,012 shares of the insurance provider’s stock worth $223,367,000 after acquiring an additional 155,545 shares in the last quarter. Narwhal Capital Management raised its position in shares of American International Group by 17.3% during the 4th quarter. Narwhal Capital Management now owns 96,323 shares of the insurance provider’s stock worth $5,739,000 after acquiring an additional 14,231 shares in the last quarter. Webster Bank N. A. raised its position in shares of American International Group by 32.4% during the 4th quarter. Webster Bank N. A. now owns 6,561 shares of the insurance provider’s stock worth $391,000 after acquiring an additional 1,605 shares in the last quarter. Hermes Investment Management Ltd. raised its position in shares of American International Group by 12.5% during the 4th quarter. Hermes Investment Management Ltd. now owns 30,666 shares of the insurance provider’s stock worth $1,827,000 after acquiring an additional 3,410 shares in the last quarter. Finally, Vicus Capital raised its position in shares of American International Group by 70.9% during the 4th quarter. Vicus Capital now owns 9,184 shares of the insurance provider’s stock worth $547,000 after acquiring an additional 3,811 shares in the last quarter. 85.97% of the stock is currently owned by institutional investors.

In other news, insider Thomas B. Leonardi acquired 2,500 shares of American International Group stock in a transaction that occurred on Friday, May 4th. The stock was purchased at an average cost of $51.55 per share, with a total value of $128,875.00. Following the completion of the acquisition, the insider now owns 2,500 shares in the company, valued at approximately $128,875. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas M. Steenland purchased 4,800 shares of the business’s stock in a transaction dated Friday, May 4th. The stock was bought at an average cost of $52.06 per share, with a total value of $249,888.00. Following the completion of the acquisition, the director now owns 3,510 shares of the company’s stock, valued at $182,730.60. The disclosure for this purchase can be found here. Insiders own 0.05% of the company’s stock.

AIG has been the topic of several research analyst reports. Wells Fargo & Co set a $62.00 target price on American International Group and gave the stock a “buy” rating in a research report on Thursday, June 7th. Zacks Investment Research downgraded American International Group from a “hold” rating to a “sell” rating in a research note on Monday, April 16th. Buckingham Research upgraded American International Group from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $52.00 to $55.00 in a research note on Friday, April 27th. Morgan Stanley dropped their price target on American International Group from $72.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, May 4th. Finally, UBS Group upgraded American International Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $53.71 to $63.00 in a research note on Thursday, May 17th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $65.59.

Shares of AIG traded up $0.46 during mid-day trading on Wednesday, hitting $54.70. The company’s stock had a trading volume of 6,017,370 shares, compared to its average volume of 6,748,330. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $49.49 billion, a P/E ratio of 22.79, a P/E/G ratio of 1.04 and a beta of 1.20. American International Group Inc has a 1-year low of $49.57 and a 1-year high of $67.30.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, May 2nd. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.22). The firm had revenue of $11.73 billion for the quarter, compared to analyst estimates of $11.60 billion. American International Group had a positive return on equity of 2.65% and a negative net margin of 13.03%. During the same period in the prior year, the firm posted $1.36 earnings per share. research analysts anticipate that American International Group Inc will post 4.83 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Thursday, June 14th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, June 13th. This represents a $1.28 annualized dividend and a yield of 2.34%. American International Group’s dividend payout ratio is presently 53.33%.

About American International Group

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. 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, and marine insurance.

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

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