Mitsubishi UFJ Asset Management Co. Ltd. Has $72.68 Million Holdings in American International Group, Inc. (NYSE:AIG)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of American International Group, Inc. (NYSE:AIG) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 998,168 shares of the insurance provider’s stock after purchasing an additional 52,448 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of American International Group worth $72,677,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AIG. Duncker Streett & Co. Inc. bought a new stake in American International Group during the 4th quarter valued at $25,000. Asset Planning Inc bought a new stake in shares of American International Group during the fourth quarter worth about $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group in the 3rd quarter worth about $29,000. BankPlus Trust Department bought a new position in American International Group in the 4th quarter valued at about $36,000. Finally, Continuum Advisory LLC boosted its stake in American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Down 1.0 %

Shares of NYSE:AIG opened at $83.55 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a fifty day moving average of $78.53 and a 200 day moving average of $75.91. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $85.11. The firm has a market capitalization of $49.57 billion, a PE ratio of -40.17, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98.

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 analysts’ consensus estimates 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, research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.92%. American International Group’s payout ratio is -76.92%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AIG shares. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Wednesday, March 5th. BMO Capital Markets raised their price target on shares of American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research report on Thursday, March 13th. UBS Group reduced their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their target price 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. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.31.

Insiders Place Their Bets

In other American International Group news, Director John G. Rice purchased 10,000 shares of the 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 transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.61% of the company’s stock.

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.