Algebris UK Ltd Boosts Stake in American International Group, Inc. (NYSE:AIG)

Algebris UK Ltd raised its position in shares of American International Group, Inc. (NYSE:AIG) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 174,026 shares of the insurance provider’s stock after acquiring an additional 24,073 shares during the period. American International Group makes up 3.1% of Algebris UK Ltd’s portfolio, making the stock its 14th biggest position. Algebris UK Ltd’s holdings in American International Group were worth $12,236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AIG. Duncker Streett & Co. Inc. purchased a new stake in shares of American International Group in the fourth quarter worth about $25,000. Asset Planning Inc purchased a new stake in shares of American International Group in the fourth quarter worth about $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group in the third quarter worth about $29,000. BankPlus Trust Department purchased a new stake in shares of American International Group in the fourth quarter worth about $36,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of American International Group in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.1 %

NYSE:AIG opened at $84.01 on Wednesday. The firm has a market capitalization of $49.85 billion, a PE ratio of -40.39, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The stock has a 50 day moving average of $76.71 and a 200-day moving average of $75.41. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $84.99. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing the consensus estimate 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%. Analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased 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. BMO Capital Markets boosted their price target on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research note on Thursday, March 13th. Wells Fargo & Company boosted their price target on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. HSBC upgraded American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, American International Group has a consensus rating of “Moderate Buy” and a consensus price target of $84.31.

Insider Activity

In other American International Group news, Director John G. Rice acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

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.