Mizuho Securities USA LLC Grows Position in American International Group, Inc. (NYSE:AIG)

Mizuho Securities USA LLC grew its stake in shares of American International Group, Inc. (NYSE:AIG) by 41.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 59,119 shares of the insurance provider’s stock after buying an additional 17,362 shares during the quarter. Mizuho Securities USA LLC’s holdings in American International Group were worth $4,304,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Artemis Investment Management LLP boosted its stake in shares of American International Group by 115.9% during the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after purchasing an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. boosted its stake in shares of American International Group by 5.2% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after purchasing an additional 3,490 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of American International Group by 54.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock valued at $924,000 after purchasing an additional 4,468 shares during the period. Merit Financial Group LLC purchased a new stake in American International Group in the fourth quarter worth $1,260,000. Finally, Williams & Novak LLC purchased a new stake in American International Group in the fourth quarter worth $279,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on AIG shares. The Goldman Sachs Group reaffirmed 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. Morgan Stanley raised their price target on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods raised their price target 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. JPMorgan Chase & Co. dropped their price target on 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. Finally, BMO Capital Markets raised 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. Eight equities research 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $84.31.

American International Group Price Performance

Shares of NYSE:AIG opened at $83.03 on Monday. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $84.99. 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 business has a fifty day moving average price of $77.45 and a 200-day moving average price of $75.55. The company has a market capitalization of $49.27 billion, a PE ratio of -39.92, a PEG ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. As a group, equities analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.93%. American International Group’s payout ratio is presently -76.92%.

Insider Activity

In other American International Group news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction that occurred on 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 approximately $770,000. This represents a ∞ increase in their position. The purchase 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 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.