American International Group, Inc. (NYSE:AIG) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its position in shares of American International Group, Inc. (NYSE:AIG) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 99,536 shares of the insurance provider’s stock after acquiring an additional 2,081 shares during the period. CIBC Asset Management Inc’s holdings in American International Group were worth $7,246,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of AIG. Catalina Capital Group LLC grew its position in American International Group by 5.1% during the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider’s stock worth $222,000 after purchasing an additional 148 shares in the last quarter. EagleClaw Capital Managment LLC grew its holdings in shares of American International Group by 0.5% during the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after buying an additional 150 shares in the last quarter. Independent Advisor Alliance raised its position in American International Group by 1.6% during the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock valued at $761,000 after buying an additional 161 shares during the period. Graypoint LLC lifted its stake in American International Group by 2.0% in the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock worth $635,000 after acquiring an additional 167 shares in the last quarter. Finally, Commerce Bank boosted its position in American International Group by 1.0% during the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock worth $1,262,000 after acquiring an additional 172 shares during the period. Institutional investors own 90.60% of the company’s stock.

Insider Activity

In related news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by company insiders.

American International Group Trading Down 0.2 %

NYSE:AIG opened at $75.32 on Thursday. 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 company’s 50 day moving average is $73.53 and its 200-day moving average is $74.43. The firm has a market cap of $44.69 billion, a price-to-earnings ratio of -36.21, a P/E/G ratio of 0.96 and a beta of 1.05. American International Group, Inc. has a 12 month low of $68.04 and a 12 month high of $80.83.

American International Group (NYSE:AIG) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. Equities analysts anticipate that American International Group, Inc. will post 6.33 EPS for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. American International Group’s dividend payout ratio is -76.92%.

Analysts Set New Price Targets

AIG has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their target price on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. JPMorgan Chase & Co. dropped their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company increased their price objective on American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $83.94.

American International Group 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.