Charles Schwab Investment Management Inc. Has $316.85 Million Stock Position in American International Group, Inc. (NYSE:AIG)

Charles Schwab Investment Management Inc. boosted 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 Securities & Exchange Commission. The fund owned 4,352,380 shares of the insurance provider’s stock after buying an additional 36,574 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.70% of American International Group worth $316,853,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Catalina Capital Group LLC increased its holdings in shares of 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 acquiring an additional 148 shares during the last quarter. EagleClaw Capital Managment LLC boosted its position in 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 worth $2,225,000 after purchasing an additional 150 shares during the period. Independent Advisor Alliance increased its holdings in shares of American International Group by 1.6% in the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock valued at $761,000 after purchasing an additional 161 shares during the last quarter. Graypoint LLC raised its position in shares of American International Group by 2.0% in the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock valued at $635,000 after purchasing an additional 167 shares during the period. Finally, Commerce Bank lifted its stake in shares of 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 buying an additional 172 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a research note 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. Royal Bank of Canada restated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Morgan Stanley increased their price objective on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company boosted their target price on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, American International Group currently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

American International Group Stock Performance

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 firm has a market capitalization of $48.35 billion, a price-to-earnings ratio of -39.18, a P/E/G ratio of 1.01 and a beta of 0.98. 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 firm’s 50 day simple moving average is $75.02 and its 200 day simple moving average is $74.96.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts expect that American International Group, Inc. will post 6.24 earnings per share 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 paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.96%. The ex-dividend date is Monday, March 17th. American International Group’s payout ratio is -76.92%.

Insider Transactions at American International Group

In related news, Director John G. Rice purchased 10,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

About American International Group

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.