Knights of Columbus Asset Advisors LLC Buys 4,151 Shares of American International Group, Inc. (NYSE:AIG)

Knights of Columbus Asset Advisors LLC grew its stake in American International Group, Inc. (NYSE:AIG) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,540 shares of the insurance provider’s stock after acquiring an additional 4,151 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in American International Group were worth $8,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Empowered Funds LLC raised its stake in shares of American International Group by 8.7% during the third quarter. Empowered Funds LLC now owns 11,928 shares of the insurance provider’s stock worth $873,000 after buying an additional 958 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of American International Group during the third quarter worth approximately $1,702,000. PNC Financial Services Group Inc. raised its stake in shares of American International Group by 0.7% during the third quarter. PNC Financial Services Group Inc. now owns 212,783 shares of the insurance provider’s stock worth $15,582,000 after buying an additional 1,526 shares during the last quarter. Commerce Bank raised its stake in shares of American International Group by 1.0% during the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock worth $1,262,000 after buying an additional 172 shares during the last quarter. Finally, Cornerstone Advisors LLC raised its stake in shares of American International Group by 1.6% during the third quarter. Cornerstone Advisors LLC now owns 18,800 shares of the insurance provider’s stock worth $1,377,000 after buying an additional 300 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AIG has been the subject of several recent analyst reports. BMO Capital Markets upped 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, March 13th. Wells Fargo & Company upped 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. Morgan Stanley upped their target price on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Eight investment 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 company’s stock. Based on data from MarketBeat, American International Group has an average rating of “Moderate Buy” and an average target price of $84.31.

Insiders Place Their Bets

In related news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

American International Group Stock Performance

Shares of AIG opened at $83.03 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $77.45 and a 200 day simple moving average of $75.56. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $84.99. The stock has a market capitalization of $49.27 billion, a price-to-earnings ratio of -39.92, a PEG ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.93%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is currently -76.92%.

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.