Mizuho Securities USA LLC Raises Stake in American International Group, Inc. (NYSE:AIG)

Mizuho Securities USA LLC increased its stake in American International Group, Inc. (NYSE:AIG) by 41.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 59,119 shares of the insurance provider’s stock after buying an additional 17,362 shares during the quarter. Mizuho Securities USA LLC’s holdings in American International Group were worth $4,304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AIG. Commerce Bank boosted its holdings in shares of American International Group by 1.0% in 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. Landscape Capital Management L.L.C. boosted its holdings in shares of American International Group by 73.7% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 6,208 shares of the insurance provider’s stock worth $455,000 after buying an additional 2,633 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of American International Group by 108.4% in the 3rd quarter. Pacer Advisors Inc. now owns 101,134 shares of the insurance provider’s stock worth $7,406,000 after buying an additional 52,614 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of American International Group by 3.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 5,758 shares of the insurance provider’s stock worth $422,000 after buying an additional 208 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of American International Group by 40.5% in the 3rd quarter. Cerity Partners LLC now owns 165,676 shares of the insurance provider’s stock worth $12,132,000 after buying an additional 47,722 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Wells Fargo & Company boosted their price objective on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. UBS Group lowered their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley boosted their price objective on American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Eight 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.31.

American International Group Stock Down 0.8 %

AIG stock opened at $83.03 on Monday. 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 company’s 50 day moving average is $77.45 and its 200 day moving average is $75.55. The stock has a market cap of $49.27 billion, a price-to-earnings ratio of -39.92, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $84.99.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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%. Sell-side analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 of this dividend is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is -76.92%.

Insider Buying and Selling

In other news, Director John G. Rice bought 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by company insiders.

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.