Insider Buying: American International Group, Inc. (NYSE:AIG) Director Purchases 10,000 Shares of Stock

American International Group, Inc. (NYSE:AIG) Director John G. Rice purchased 10,000 shares of the stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

American International Group Stock Up 1.3 %

Shares of NYSE:AIG opened at $76.27 on Friday. American International Group, Inc. has a 12 month low of $68.15 and a 12 month high of $80.83. The company’s 50-day moving average price is $73.60 and its two-hundred day moving average price is $74.44. 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 $45.25 billion, a P/E ratio of -36.67, a P/E/G ratio of 0.98 and a beta of 1.05.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that American International Group, Inc. will post 6.32 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.10%. American International Group’s payout ratio is presently -76.92%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AIG. Duncker Streett & Co. Inc. acquired a new position in American International Group during the 4th quarter valued at about $25,000. Asset Planning Inc acquired a new position in American International Group during the 4th quarter valued at about $26,000. True Wealth Design LLC acquired a new position in American International Group during the 3rd quarter valued at about $29,000. BankPlus Trust Department acquired a new position in American International Group during the 4th quarter valued at about $36,000. Finally, Whipplewood Advisors LLC acquired a new position in American International Group during the 4th quarter valued at about $40,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AIG shares. UBS Group lowered 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 report on Tuesday. Keefe, Bruyette & Woods boosted their price target 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. Morgan Stanley boosted their price target on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Finally, StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American International Group has a consensus rating of “Hold” and a consensus price target of $83.94.

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.