Sciencast Management LP Buys 3,444 Shares of American International Group, Inc. (NYSE:AIG)

Sciencast Management LP lifted its stake in shares of American International Group, Inc. (NYSE:AIG) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,747 shares of the insurance provider’s stock after acquiring an additional 3,444 shares during the period. Sciencast Management LP’s holdings in American International Group were worth $3,039,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lee Danner & Bass Inc. increased its holdings in American International Group by 1.6% during the 4th quarter. Lee Danner & Bass Inc. now owns 16,525 shares of the insurance provider’s stock worth $1,203,000 after purchasing an additional 260 shares in the last quarter. Northwest & Ethical Investments L.P. grew its holdings in shares of American International Group by 69.7% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 38,952 shares of the insurance provider’s stock worth $2,836,000 after buying an additional 15,998 shares in the last quarter. Teacher Retirement System of Texas raised its position in American International Group by 349.2% in the 4th quarter. Teacher Retirement System of Texas now owns 76,043 shares of the insurance provider’s stock valued at $5,536,000 after buying an additional 59,113 shares during the last quarter. Algebris UK Ltd lifted its stake in American International Group by 16.1% in the 4th quarter. Algebris UK Ltd now owns 174,026 shares of the insurance provider’s stock valued at $12,236,000 after acquiring an additional 24,073 shares in the last quarter. Finally, Vinva Investment Management Ltd boosted its position in American International Group by 612.7% during the 4th quarter. Vinva Investment Management Ltd now owns 219,255 shares of the insurance provider’s stock worth $15,907,000 after acquiring an additional 188,492 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The stock was bought at an average price 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 in the company, valued at $770,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

American International Group Trading Down 0.8 %

Shares of American International Group stock opened at $83.03 on Friday. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $84.99. The company has a market capitalization of $49.27 billion, a price-to-earnings ratio of -39.92, a P/E/G ratio of 1.01 and a beta of 0.98. The business has a fifty day simple moving average of $77.45 and a two-hundred day simple moving average of $75.56. 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 posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current 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 1.93%. The ex-dividend date is Monday, March 17th. American International Group’s payout ratio is -76.92%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AIG shares. Keefe, Bruyette & Woods lifted their price objective 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. JPMorgan Chase & Co. cut their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company increased their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Finally, Morgan Stanley increased their price target on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, American International Group has a consensus rating of “Moderate Buy” and an average target price of $84.31.

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.