American Century Companies Inc. Boosts Stake in American International Group, Inc. (NYSE:AIG)

American Century Companies Inc. raised its position in American International Group, Inc. (NYSE:AIG) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 746,511 shares of the insurance provider’s stock after purchasing an additional 64,461 shares during the quarter. American Century Companies Inc.’s holdings in American International Group were worth $54,346,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Artemis Investment Management LLP raised its holdings in shares of American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after buying an additional 147,235 shares during the period. Beacon Investment Advisory Services Inc. lifted its position 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 worth $5,155,000 after purchasing an additional 3,490 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of American International Group by 54.3% in 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 acquired a new position in shares of American International Group in the fourth quarter valued at approximately $1,260,000. Finally, Williams & Novak LLC purchased a new stake in American International Group during the 4th quarter worth approximately $279,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.61% of the stock is currently owned by company insiders.

American International Group Stock Up 0.3 %

American International Group stock opened at $84.17 on Thursday. The company has a market capitalization of $49.94 billion, a P/E ratio of -40.47, a PEG ratio of 1.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $85.11. The stock has a 50-day simple moving average of $78.16 and a 200-day simple moving average of $75.77.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s payout ratio is currently -76.92%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AIG. Wells Fargo & Company boosted their price target on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Wednesday, March 5th. BMO Capital Markets increased their price target on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. lowered their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $84.31.

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.