American International Group, Inc. (NYSE:AIG) Shares Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. grew its position in shares of American International Group, Inc. (NYSE:AIG) by 3.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,758 shares of the insurance provider’s stock after acquiring an additional 208 shares during the period. Great Valley Advisor Group Inc.’s holdings in American International Group were worth $422,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Diamond Hill Capital Management Inc. increased its position in American International Group by 5.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after purchasing an additional 722,237 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of American International Group by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider’s stock worth $477,802,000 after acquiring an additional 269,188 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of American International Group by 6.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,148,482 shares of the insurance provider’s stock valued at $233,743,000 after acquiring an additional 198,889 shares during the period. APG Asset Management N.V. lifted its holdings in shares of American International Group by 13.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,200,252 shares of the insurance provider’s stock valued at $152,411,000 after acquiring an additional 258,700 shares in the last quarter. Finally, National Pension Service boosted its position in American International Group by 5.1% during the 3rd quarter. National Pension Service now owns 2,186,421 shares of the insurance provider’s stock worth $160,112,000 after purchasing an additional 105,213 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the sale, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company’s stock.

American International Group Stock Performance

Shares of AIG stock opened at $76.28 on Wednesday. The stock has a market capitalization of $47.58 billion, a price-to-earnings ratio of -22.50, a PEG ratio of 7.54 and a beta of 1.05. American International Group, Inc. has a one year low of $64.54 and a one year high of $80.83. The company’s 50-day simple moving average is $75.61 and its 200-day simple moving average is $75.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter last year, the firm earned $1.61 EPS. Equities analysts anticipate that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. American International Group’s dividend payout ratio (DPR) is -47.20%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Bank of America boosted their price objective on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company reduced their price target on American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. UBS Group increased their price objective on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods reduced their target price on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.80.

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.