DRW Securities LLC Has $6.45 Million Stake in American International Group, Inc. (NYSE:AIG)

DRW Securities LLC lifted its stake in shares of American International Group, Inc. (NYSE:AIG) by 12.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 88,644 shares of the insurance provider’s stock after acquiring an additional 9,605 shares during the period. DRW Securities LLC’s holdings in American International Group were worth $6,453,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. APG Asset Management N.V. raised its position in shares of American International Group by 188.8% during the fourth quarter. APG Asset Management N.V. now owns 351,400 shares of the insurance provider’s stock worth $24,705,000 after purchasing an additional 229,733 shares during the period. Bank of Nova Scotia grew its holdings in shares of American International Group by 51.2% during the fourth quarter. Bank of Nova Scotia now owns 327,052 shares of the insurance provider’s stock valued at $23,809,000 after buying an additional 110,693 shares during the last quarter. FIL Ltd raised its stake in shares of American International Group by 59.6% in the fourth quarter. FIL Ltd now owns 198,132 shares of the insurance provider’s stock worth $14,424,000 after purchasing an additional 73,989 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of American International Group by 2.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,188,339 shares of the insurance provider’s stock valued at $86,511,000 after purchasing an additional 33,552 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its position in American International Group by 4.6% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 15,675 shares of the insurance provider’s stock worth $1,141,000 after purchasing an additional 690 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Up 0.1 %

Shares of NYSE AIG opened at $77.66 on Wednesday. The stock has a market capitalization of $46.25 billion, a P/E ratio of -37.34, a PEG ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The firm’s 50 day simple moving average is $79.72 and its two-hundred day simple moving average is $76.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 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, analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.06%. American International Group’s payout ratio is currently -76.92%.

Analyst Upgrades and Downgrades

AIG has been the topic of several recent analyst reports. UBS Group dropped their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods lifted their price objective on American International Group from $90.00 to $98.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. Wells Fargo & Company boosted their price target 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. Barclays boosted their target price on shares of American International Group from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. Finally, Evercore ISI raised their price target on American International Group from $81.00 to $89.00 and gave the stock an “in-line” rating in a report on Tuesday, April 1st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $87.59.

Insider Transactions at American International Group

In other news, Director John G. Rice bought 10,000 shares of the company’s 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 in the company, valued at approximately $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.

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.