Generali Asset Management SPA SGR Acquires Shares of 6,571 American International Group, Inc. (NYSE:AIG)

Generali Asset Management SPA SGR bought a new position in shares of American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,571 shares of the insurance provider’s stock, valued at approximately $478,000.

Several other institutional investors and hedge funds have also made changes to their positions in AIG. Duncker Streett & Co. Inc. purchased a new stake in American International Group in the fourth quarter valued at approximately $25,000. Asset Planning Inc purchased a new stake in American International Group in the 4th quarter valued at $26,000. True Wealth Design LLC purchased a new stake in American International Group in the 3rd quarter valued at $29,000. BankPlus Trust Department acquired a new stake in American International Group during the 4th quarter worth $36,000. Finally, Whipplewood Advisors LLC purchased a new position in American International Group during the 4th quarter worth $40,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Performance

Shares of AIG stock opened at $83.64 on Friday. The stock has a fifty day moving average price of $77.20 and a 200 day moving average price of $75.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $49.63 billion, a PE ratio of -40.21, a P/E/G ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $84.99.

American International Group (NYSE:AIG) last released 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%. Sell-side analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.91%. American International Group’s dividend payout ratio is presently -76.92%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets increased their target price on shares of 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. Morgan Stanley lifted their target price on 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. JPMorgan Chase & Co. cut 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. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 price target (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, UBS Group dropped their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.31.

Insider Transactions at American International Group

In related news, Director John G. Rice bought 10,000 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.