Charles Schwab Investment Management Inc. Acquires 36,574 Shares of American International Group, Inc. (NYSE:AIG)

Charles Schwab Investment Management Inc. lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,352,380 shares of the insurance provider’s stock after purchasing an additional 36,574 shares during the period. Charles Schwab Investment Management Inc.’s holdings in American International Group were worth $316,853,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Duncker Streett & Co. Inc. bought a new stake in shares of American International Group in the 4th quarter valued at about $25,000. Asset Planning Inc bought a new stake in American International Group in the fourth quarter valued at approximately $26,000. True Wealth Design LLC acquired a new stake in American International Group during the 3rd quarter valued at approximately $29,000. BankPlus Trust Department bought a new position in American International Group during the 4th quarter worth approximately $36,000. Finally, Continuum Advisory LLC lifted its position in shares of American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 207 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

Shares of NYSE:AIG opened at $81.49 on Thursday. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $83.77. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a market cap of $48.35 billion, a PE ratio of -39.18, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The stock’s fifty day simple moving average is $75.02 and its two-hundred day simple moving average is $74.96.

American International Group (NYSE:AIG) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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, analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s payout ratio is -76.92%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AIG shares. HSBC upgraded shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Wednesday. UBS Group dropped their price target on 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. The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 price objective (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Morgan Stanley upped their price target on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, American International Group currently has an average rating of “Moderate Buy” and an average price target of $84.38.

Insider Buying and Selling

In related news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

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.