5,562 Shares in American International Group, Inc. (NYSE:AIG) Purchased by Deerfield Management Company L.P. Series C

Deerfield Management Company L.P. Series C purchased a new stake in American International Group, Inc. (NYSE:AIG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,562 shares of the insurance provider’s stock, valued at approximately $413,000.

A number of other large investors have also recently modified their holdings of AIG. Swedbank AB bought a new position in shares of American International Group in the first quarter worth approximately $99,951,000. Canada Pension Plan Investment Board increased its holdings in shares of American International Group by 98.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,893,990 shares of the insurance provider’s stock worth $148,053,000 after buying an additional 941,607 shares during the last quarter. Bank of Montreal Can raised its position in shares of American International Group by 83.6% during the 2nd quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock valued at $97,825,000 after buying an additional 597,765 shares in the last quarter. Balyasny Asset Management L.P. raised its position in shares of American International Group by 95.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,221,724 shares of the insurance provider’s stock valued at $82,772,000 after buying an additional 597,661 shares in the last quarter. Finally, Third Point LLC lifted its holdings in shares of American International Group by 16.9% during the 4th quarter. Third Point LLC now owns 3,450,000 shares of the insurance provider’s stock worth $233,738,000 after acquiring an additional 500,000 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lowered their price target on American International Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Barclays started coverage on American International Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective on the stock. Evercore ISI dropped their target price on American International Group from $81.00 to $78.00 and set an “in-line” rating for the company in a research report on Thursday, June 27th. Morgan Stanley reduced their price target on shares of American International Group from $82.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Finally, Bank of America boosted their price objective on shares of American International Group from $81.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $83.88.

American International Group Stock Performance

Shares of NYSE:AIG opened at $73.34 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. The company has a market cap of $48.67 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 3.70 and a beta of 1.06. American International Group, Inc. has a 12 month low of $57.72 and a 12 month high of $80.83. The company has a 50-day moving average price of $74.15 and a 200-day moving average price of $75.63.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.14). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The business had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $11.64 billion. During the same quarter last year, the business posted $1.75 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. As a group, equities analysts anticipate that American International Group, Inc. will post 5.24 EPS for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Monday, September 16th. American International Group’s payout ratio is currently 23.88%.

Insiders Place Their Bets

In other news, major shareholder International Group American sold 8,032,129 shares of American International Group stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the sale, the insider now owns 284,238,898 shares of the company’s stock, valued at approximately $7,077,548,560.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 14,964,738 shares of company stock worth $400,732,195. 0.61% of the stock is currently owned by corporate insiders.

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.