Levin Capital Strategies L.P. Increases Stake in American International Group, Inc. (NYSE:AIG)

Levin Capital Strategies L.P. increased its position in shares of American International Group, Inc. (NYSE:AIG) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,081 shares of the insurance provider’s stock after buying an additional 2,185 shares during the period. Levin Capital Strategies L.P.’s holdings in American International Group were worth $8,596,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Atlanta Consulting Group Advisors LLC bought a new stake in American International Group during the third quarter valued at about $494,000. Artemis Investment Management LLP boosted its position in American International Group by 115.9% during the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after purchasing an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. boosted its position in American International Group by 5.2% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after purchasing an additional 3,490 shares in the last quarter. Merit Financial Group LLC bought a new stake in American International Group during the fourth quarter valued at about $1,260,000. Finally, Williams & Novak LLC bought a new stake in American International Group during the fourth quarter valued at about $279,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 4.0 %

Shares of AIG stock opened at $82.88 on Friday. The stock has a 50 day moving average of $74.51 and a 200 day moving average of $74.79. 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 $49.17 billion, a P/E ratio of -39.84, a P/E/G ratio of 1.01 and a beta of 1.05. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $83.00.

American International Group (NYSE:AIG) last posted 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 negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, sell-side analysts expect that American International Group, Inc. will post 6.24 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AIG shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. Morgan Stanley raised their price target on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Wells Fargo & Company raised their price target 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. Keefe, Bruyette & Woods raised their price target on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Finally, UBS Group lowered their price target on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, American International Group presently has an average rating of “Hold” and a consensus target price of $83.94.

Insider Activity

In other American International Group 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 cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

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.