American International Group (NYSE:AIG) Hits New 1-Year High – Should You Buy?

American International Group, Inc. (NYSE:AIG) hit a new 52-week high during trading on Monday . The company traded as high as $83.92 and last traded at $84.08, with a volume of 173524 shares. The stock had previously closed at $82.73.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AIG shares. Keefe, Bruyette & Woods upped their price target on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 14th. Wells Fargo & Company raised their target price on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price target on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. BMO Capital Markets increased their target price on shares of American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Eight research 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, American International Group has a consensus rating of “Moderate Buy” and a consensus price target of $84.31.

American International Group Price Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The company has a fifty day simple moving average of $76.25 and a 200 day simple moving average of $75.30. The stock has a market capitalization of $49.60 billion, a price-to-earnings ratio of -40.21, a P/E/G ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last announced its quarterly earnings results 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%. Equities research analysts forecast that American International Group, Inc. will post 6.24 EPS 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. Shareholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio is -76.92%.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On American International Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Snowden Capital Advisors LLC increased its holdings in shares of American International Group by 1.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider’s stock worth $769,000 after purchasing an additional 146 shares during the period. Catalina Capital Group LLC grew its holdings in shares of American International Group by 5.1% during the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock valued at $222,000 after purchasing an additional 148 shares during the last quarter. EagleClaw Capital Managment LLC lifted its stake in American International Group by 0.5% in the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock worth $2,225,000 after purchasing an additional 150 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its position in American International Group by 1.8% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider’s stock valued at $641,000 after buying an additional 152 shares during the period. Finally, Pitcairn Co. increased its holdings in shares of American International Group by 2.2% in the fourth quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider’s stock worth $536,000 after buying an additional 158 shares during the period. Institutional investors own 90.60% of the company’s stock.

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.