American International Group, Inc. (NYSE:AIG) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in American International Group, Inc. (NYSE:AIG) by 55.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,223 shares of the insurance provider’s stock after acquiring an additional 2,571 shares during the quarter. Farther Finance Advisors LLC’s holdings in American International Group were worth $627,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Duncker Streett & Co. Inc. purchased a new position in American International Group in the fourth quarter valued at $25,000. Asset Planning Inc purchased a new position in shares of American International Group in the 4th quarter valued at about $26,000. Ameriflex Group Inc. acquired a new position in American International Group in the 4th quarter worth about $29,000. BankPlus Trust Department purchased a new position in American International Group during the fourth quarter worth approximately $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in American International Group in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling

In other news, EVP Christopher Flatt sold 46,182 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the completion of the transaction, the executive vice president now directly owns 21,400 shares in the company, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AIG has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on American International Group from $81.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $94.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. UBS Group decreased their price target 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. Finally, Evercore ISI increased their target price on American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a report on Tuesday, April 1st. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.12.

American International Group Stock Down 1.5%

NYSE AIG opened at $84.52 on Friday. The business’s fifty day simple moving average is $82.83 and its 200-day simple moving average is $78.88. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm has a market cap of $48.71 billion, a PE ratio of -40.63, a P/E/G ratio of 1.01 and a beta of 0.64. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.13. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same period in the previous year, the firm earned $1.25 earnings per share. As a group, equities analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.45 dividend. The ex-dividend date is Friday, June 13th. This is a boost from American International Group’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.13%. American International Group’s dividend payout ratio is currently -67.67%.

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.