American International Group (NYSE:AIG) Reaches New 1-Year High – Time to Buy?

American International Group, Inc. (NYSE:AIG) shares reached a new 52-week high on Friday . The stock traded as high as $81.29 and last traded at $81.52, with a volume of 460107 shares. The stock had previously closed at $79.69.

Analyst Upgrades and Downgrades

AIG has been the subject of several research analyst reports. UBS Group lowered their target price on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $79.00 price objective (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, Wells Fargo & Company lifted their price target on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American International Group currently has an average rating of “Hold” and an average price target of $83.94.

American International Group Trading Up 4.0 %

The firm has a market cap of $49.17 billion, a price-to-earnings ratio of -39.84, a PEG ratio of 1.01 and a beta of 1.05. The company has a fifty day moving average price of $74.30 and a 200-day moving average price of $74.69. 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 issued its 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 positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

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

Insider Activity

In other news, Director John G. Rice purchased 10,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of American International Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Duncker Streett & Co. Inc. acquired a new position in American International Group during the 4th quarter worth approximately $25,000. Asset Planning Inc acquired a new stake in shares of American International Group in the fourth quarter valued at $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the third quarter valued at $29,000. Ameriflex Group Inc. purchased a new stake in shares of American International Group during the fourth quarter valued at $29,000. Finally, BankPlus Trust Department purchased a new stake in shares of American International Group during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 90.60% 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.