8,111 Shares in American International Group, Inc. $AIG Purchased by West Family Investments Inc.

West Family Investments Inc. bought a new stake in shares of American International Group, Inc. (NYSE:AIG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,111 shares of the insurance provider’s stock, valued at approximately $605,000.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in American International Group during the 4th quarter valued at approximately $636,782,000. Lee Danner & Bass Inc. boosted its position in shares of American International Group by 194.2% during the first quarter. Lee Danner & Bass Inc. now owns 33,781 shares of the insurance provider’s stock worth $2,542,000 after acquiring an additional 22,300 shares during the last quarter. Swiss National Bank boosted its position in shares of American International Group by 4.3% during the first quarter. Swiss National Bank now owns 1,583,564 shares of the insurance provider’s stock worth $119,163,000 after acquiring an additional 65,400 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in American International Group during the fourth quarter valued at $13,645,000. Finally, Thompson Siegel & Walmsley LLC increased its holdings in American International Group by 288.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 58,195 shares of the insurance provider’s stock valued at $4,979,000 after acquiring an additional 43,200 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of American International Group from $86.00 to $90.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Keefe, Bruyette & Woods boosted their target price on American International Group from $95.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Cantor Fitzgerald cut their price target on American International Group from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Royal Bank Of Canada upped their price objective on American International Group from $85.00 to $87.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Finally, Mizuho boosted their price target on shares of American International Group from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $88.37.

American International Group Price Performance

Shares of American International Group stock opened at $74.71 on Wednesday. The stock has a market cap of $39.07 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 0.85 and a beta of 0.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a 50 day moving average price of $77.98 and a 200-day moving average price of $76.92. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29.

American International Group (NYSE:AIG) last released its quarterly earnings results on Friday, August 7th. The insurance provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.08. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.25 billion. American International Group had a return on equity of 11.05% and a net margin of 11.13%.During the same quarter in the prior year, the firm posted $1.81 EPS. Equities analysts expect that American International Group, Inc. will post 8.02 EPS for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, September 16th. American International Group’s payout ratio is 36.56%.

Insider Activity at American International Group

In other news, insider Peter Zaffino sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $76.47, for a total transaction of $15,294,000.00. Following the transaction, the insider owned 592,833 shares of the company’s stock, valued at approximately $45,333,939.51. This represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.