Insider Buying: American International Group, Inc. (NYSE:AIG) Director Buys $49,866.55 in Stock

American International Group, Inc. (NYSE:AIG) Director John C. Inglis bought 635 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were purchased at an average price of $78.53 per share, with a total value of $49,866.55. Following the purchase, the director now owns 1,294 shares of the company’s stock, valued at approximately $101,617.82. This represents a 96.36 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

American International Group Trading Down 8.5 %

Shares of American International Group stock opened at $78.83 on Friday. The firm has a market cap of $46.77 billion, a price-to-earnings ratio of -37.90, a price-to-earnings-growth ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07. The company’s 50-day simple moving average is $79.60 and its 200-day simple moving average is $76.34. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last released its 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%. As a group, equities research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Monday, March 17th. American International Group’s dividend payout ratio (DPR) is currently -76.92%.

Analyst Ratings Changes

AIG has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on American International Group from $76.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday. Barclays increased their target price on shares of American International Group from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Company upped their price objective 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. Keefe, Bruyette & Woods lifted their target price on American International Group from $90.00 to $98.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, The Goldman Sachs Group upped their target price on American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $87.12.

Hedge Funds Weigh In On American International Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Snowden Capital Advisors LLC boosted its holdings in American International Group by 1.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider’s stock worth $769,000 after buying an additional 146 shares in the last quarter. Catalina Capital Group LLC lifted its position in shares of American International Group by 5.1% during the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock valued at $222,000 after acquiring an additional 148 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of American International Group by 1.8% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider’s stock worth $641,000 after acquiring an additional 152 shares in the last quarter. Pitcairn Co. grew its holdings in shares of American International Group by 2.2% in the 4th quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider’s stock worth $536,000 after acquiring an additional 158 shares during the period. Finally, Integrated Advisors Network LLC increased its stake in American International Group by 1.0% in the 4th quarter. Integrated Advisors Network LLC now owns 16,316 shares of the insurance provider’s stock valued at $1,188,000 after purchasing an additional 161 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

About American International Group

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.