5,498 Shares in American International Group, Inc. (NYSE:AIG) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new position in shares of American International Group, Inc. (NYSE:AIG) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 5,498 shares of the insurance provider’s stock, valued at approximately $372,000.

Other large investors have also recently modified their holdings of the company. Nordea Investment Management AB grew its position in American International Group by 18.7% during the 4th quarter. Nordea Investment Management AB now owns 2,032,907 shares of the insurance provider’s stock worth $138,014,000 after purchasing an additional 319,948 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of American International Group by 22.6% in the 3rd quarter. American Century Companies Inc. now owns 422,852 shares of the insurance provider’s stock valued at $25,625,000 after acquiring an additional 77,874 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of American International Group by 121.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 38,809 shares of the insurance provider’s stock valued at $2,629,000 after acquiring an additional 21,279 shares during the last quarter. Tritonpoint Wealth LLC purchased a new stake in shares of American International Group in the 4th quarter valued at $1,072,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of American International Group by 12.9% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 581,239 shares of the insurance provider’s stock valued at $39,379,000 after acquiring an additional 66,603 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Insider Activity at American International Group

In related news, Director John C. Inglis acquired 659 shares of American International Group stock in a transaction dated Thursday, March 14th. The stock was acquired at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the transaction, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the sale, the chief executive officer now owns 505,420 shares in the company, valued at approximately $38,346,215.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John C. Inglis purchased 659 shares of American International Group stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of $75.39 per share, with a total value of $49,682.01. Following the transaction, the director now owns 659 shares in the company, valued at $49,682.01. The disclosure for this purchase can be found here. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on AIG shares. HSBC initiated coverage on shares of American International Group in a report on Thursday, December 28th. They issued a “buy” rating and a $86.00 price objective on the stock. Bank of America cut shares of American International Group from a “buy” rating to a “neutral” rating and increased their target price for the company from $75.00 to $77.00 in a research report on Tuesday, February 20th. Keefe, Bruyette & Woods increased their target price on shares of American International Group from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. TD Cowen initiated coverage on shares of American International Group in a report on Wednesday, January 10th. They issued a “market perform” rating and a $78.00 price objective for the company. Finally, Morgan Stanley upped their price objective on shares of American International Group from $72.00 to $79.00 and gave the company an “equal weight” rating in a report on Monday. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $78.06.

American International Group Trading Down 0.9 %

NYSE AIG opened at $73.05 on Tuesday. The firm has a 50 day simple moving average of $73.86 and a 200-day simple moving average of $68.17. The firm has a market cap of $49.74 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.04 and a beta of 1.03. American International Group, Inc. has a one year low of $48.95 and a one year high of $78.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.31.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.20. The firm had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 earnings per share. Equities research analysts anticipate that American International Group, Inc. will post 7.11 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 annualized dividend and a yield of 1.97%. American International Group’s dividend payout ratio (DPR) is 28.86%.

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.