TLP Group LLC raised its holdings in American International Group Inc (NYSE:AIG) by 433.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 10,287 shares of the insurance provider’s stock after acquiring an additional 8,357 shares during the quarter. American International Group makes up about 0.4% of TLP Group LLC’s portfolio, making the stock its 21st largest holding. TLP Group LLC’s holdings in American International Group were worth $560,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dragon Financial & Investment Group LLC acquired a new stake in shares of American International Group during the fourth quarter worth $201,000. Gould Asset Management LLC CA acquired a new stake in shares of American International Group during the fourth quarter worth $209,000. Miles Capital Inc. acquired a new stake in shares of American International Group during the first quarter worth $213,000. Evergreen Capital Management LLC acquired a new stake in shares of American International Group during the first quarter worth $214,000. Finally, MANA Advisors LLC acquired a new stake in shares of American International Group during the first quarter worth $234,000. Hedge funds and other institutional investors own 85.97% of the company’s stock.

In other American International Group news, insider Thomas B. Leonardi acquired 2,500 shares of the company’s stock in a transaction on Friday, May 4th. The shares were purchased at an average cost of $51.55 per share, with a total value of $128,875.00. Following the completion of the purchase, the insider now owns 2,500 shares of the company’s stock, valued at $128,875. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Douglas M. Steenland acquired 4,800 shares of the company’s stock in a transaction on Friday, May 4th. The stock was acquired at an average cost of $52.06 per share, for a total transaction of $249,888.00. Following the completion of the purchase, the director now directly owns 3,510 shares of the company’s stock, valued at approximately $182,730.60. The disclosure for this purchase can be found here. 0.05% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Co set a $62.00 price objective on shares of American International Group and gave the stock a “buy” rating in a research report on Thursday, June 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $63.00 price objective on shares of American International Group in a research report on Saturday, June 2nd. UBS Group upgraded shares of American International Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $53.71 to $63.00 in a research report on Thursday, May 17th. Goldman Sachs Group upgraded shares of American International Group from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Thursday, May 10th. Finally, Morgan Stanley decreased their price objective on shares of American International Group from $72.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, May 4th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. American International Group presently has a consensus rating of “Hold” and a consensus price target of $65.59.

NYSE:AIG traded down $0.11 during trading hours on Thursday, reaching $54.59. The company had a trading volume of 15,416 shares, compared to its average volume of 6,748,330. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $49.49 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 1.04 and a beta of 1.20. American International Group Inc has a twelve month low of $49.57 and a twelve month high of $67.30.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, May 2nd. The insurance provider reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.22). The company had revenue of $11.73 billion during the quarter, compared to analyst estimates of $11.60 billion. American International Group had a positive return on equity of 2.65% and a negative net margin of 13.03%. During the same quarter in the previous year, the business posted $1.36 earnings per share. equities analysts predict that American International Group Inc will post 4.83 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, June 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Wednesday, June 13th. American International Group’s dividend payout ratio (DPR) is 53.33%.

American International Group Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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