500 Shares in American International Group, Inc. (NYSE:AIG) Purchased by BankPlus Trust Department

BankPlus Trust Department purchased a new stake in shares of American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 500 shares of the insurance provider’s stock, valued at approximately $36,000.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of American International Group by 32.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,616 shares of the insurance provider’s stock valued at $2,832,000 after purchasing an additional 9,503 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in American International Group by 29.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,646 shares of the insurance provider’s stock valued at $2,977,000 after buying an additional 9,175 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of American International Group by 1.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 144,616 shares of the insurance provider’s stock valued at $10,558,000 after buying an additional 2,038 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of American International Group by 54.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 232,327 shares of the insurance provider’s stock worth $17,013,000 after acquiring an additional 82,337 shares during the period. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of American International Group during the 3rd quarter valued at about $265,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

AIG opened at $79.00 on Wednesday. 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’s 50 day simple moving average is $73.97 and its 200-day simple moving average is $74.63. American International Group, Inc. has a one year low of $69.00 and a one year high of $80.83. The stock has a market capitalization of $46.88 billion, a P/E ratio of -37.98, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05.

American International Group (NYSE:AIG) last announced 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%. Sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. American International Group’s payout ratio is -76.92%.

Insiders Place Their Bets

In other American International Group news, Director John G. Rice bought 10,000 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AIG. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. cut their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods increased their price objective on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Finally, UBS Group reduced their target price on shares of 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. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $83.94.

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.