800 Shares in American International Group, Inc. (NYSE:AIG) Acquired by DecisionPoint Financial LLC

DecisionPoint Financial LLC acquired a new stake in American International Group, Inc. (NYSE:AIG) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 800 shares of the insurance provider’s stock, valued at approximately $60,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its holdings in American International Group by 11.7% in the third quarter. Advisors Asset Management Inc. now owns 13,402 shares of the insurance provider’s stock worth $812,000 after buying an additional 1,406 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of American International Group by 320.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 18,239 shares of the insurance provider’s stock worth $1,105,000 after purchasing an additional 13,903 shares during the last quarter. AXQ Capital LP bought a new position in shares of American International Group during the 3rd quarter valued at $358,000. Lido Advisors LLC lifted its stake in shares of American International Group by 21.3% in the 3rd quarter. Lido Advisors LLC now owns 19,629 shares of the insurance provider’s stock valued at $1,190,000 after purchasing an additional 3,450 shares during the last quarter. Finally, Laurion Capital Management LP acquired a new position in American International Group during the third quarter worth $360,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Transactions at American International Group

In other American International Group news, major shareholder International Group American sold 1,932,609 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $29.20, for a total transaction of $56,432,182.80. Following the completion of the sale, the insider now owns 292,271,027 shares in the company, valued at approximately $8,534,313,988.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is owned by corporate insiders.

American International Group Price Performance

AIG traded down $1.27 during trading on Friday, hitting $73.88. The company’s stock had a trading volume of 3,061,494 shares, compared to its average volume of 4,129,538. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $49.03 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 2.07 and a beta of 1.08. The firm’s 50 day moving average price is $76.76 and its two-hundred day moving average price is $73.44. American International Group, Inc. has a 12 month low of $56.97 and a 12 month high of $80.83.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, May 2nd. The insurance provider reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.11. The company had revenue of $12.58 billion during the quarter, compared to the consensus estimate of $12.04 billion. American International Group had a net margin of 9.98% and a return on equity of 10.54%. During the same period in the previous year, the firm posted $1.63 earnings per share. Sell-side analysts forecast that American International Group, Inc. will post 7.02 earnings per share for the current fiscal year.

American International Group announced that its board has approved a share buyback program on Wednesday, May 1st that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the insurance provider to reacquire up to 19.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Friday, June 14th. This is a positive change from American International Group’s previous quarterly dividend of $0.36. American International Group’s dividend payout ratio (DPR) is 23.88%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AIG shares. JPMorgan Chase & Co. increased their price target on American International Group from $73.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, April 8th. HSBC downgraded shares of American International Group from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a report on Wednesday, May 15th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Thursday, June 27th. BMO Capital Markets raised their price target on American International Group from $88.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. Finally, Bank of America boosted their price objective on American International Group from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 11th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, American International Group currently has an average rating of “Hold” and an average price target of $81.38.

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.