American International Group, Inc. (NYSE:AIG) Shares Acquired by Howard Capital Management Inc.

Howard Capital Management Inc. boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,559 shares of the insurance provider’s stock after purchasing an additional 237 shares during the period. Howard Capital Management Inc.’s holdings in American International Group were worth $332,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AIG. Catalina Capital Group LLC grew its holdings in 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 in the last quarter. EagleClaw Capital Managment LLC grew its holdings in American International Group by 0.5% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock worth $2,225,000 after acquiring an additional 150 shares in the last quarter. Independent Advisor Alliance grew its holdings in American International Group by 1.6% during the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock worth $761,000 after acquiring an additional 161 shares in the last quarter. Graypoint LLC grew its holdings in American International Group by 2.0% during the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock worth $635,000 after acquiring an additional 167 shares in the last quarter. Finally, Commerce Bank grew its holdings in 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 acquiring an additional 172 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American International Group

In related news, Director John G. Rice acquired 10,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AIG has been the subject of several research reports. Morgan Stanley lifted their price target on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Wells Fargo & Company lifted 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 report on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Keefe, Bruyette & Woods lifted their price target on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Finally, StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, American International Group presently has a consensus rating of “Hold” and a consensus price target of $83.94.

American International Group Stock Performance

Shares of AIG opened at $78.63 on Tuesday. The firm’s 50 day moving average is $73.81 and its 200-day moving average is $74.58. The stock has a market capitalization of $46.65 billion, a P/E ratio of -37.80, a P/E/G ratio of 1.00 and a beta of 1.05. 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, Inc. has a 12-month low of $69.00 and a 12-month high of $80.83.

American International Group (NYSE:AIG) last announced its quarterly earnings data 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 positive return on equity of 8.01% and a negative net margin of 4.25%. Equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is currently -76.92%.

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.