DekaBank Deutsche Girozentrale Purchases 209 Shares of American International Group, Inc. (NYSE:AIG)

DekaBank Deutsche Girozentrale boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 0.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,578 shares of the insurance provider’s stock after acquiring an additional 209 shares during the period. DekaBank Deutsche Girozentrale’s holdings in American International Group were worth $10,687,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TCW Group Inc. purchased a new stake in American International Group during the 4th quarter valued at approximately $724,000. Dynamic Technology Lab Private Ltd purchased a new stake in American International Group during the 4th quarter valued at approximately $948,000. Cetera Investment Advisers grew its holdings in American International Group by 348.6% during the 1st quarter. Cetera Investment Advisers now owns 57,648 shares of the insurance provider’s stock valued at $4,506,000 after buying an additional 44,797 shares in the last quarter. Vinva Investment Management Ltd purchased a new stake in American International Group during the 4th quarter valued at approximately $1,699,000. Finally, OFI Invest Asset Management grew its holdings in American International Group by 2,208.3% during the 2nd quarter. OFI Invest Asset Management now owns 10,249 shares of the insurance provider’s stock valued at $710,000 after buying an additional 9,805 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder International Group American sold 8,032,129 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total value of $200,000,012.10. Following the completion of the sale, the insider now directly owns 284,238,898 shares of the company’s stock, valued at $7,077,548,560.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AIG shares. Keefe, Bruyette & Woods cut their price objective on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Barclays began coverage on shares of American International Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective for the company. StockNews.com lowered shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, August 5th. TD Cowen cut their target price on shares of American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Finally, Bank of America raised their target price on shares of American International Group from $81.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, American International Group currently has an average rating of “Hold” and an average price target of $83.88.

American International Group Stock Up 0.4 %

Shares of AIG opened at $73.00 on Tuesday. The firm has a market capitalization of $48.45 billion, a P/E ratio of 10.90, a P/E/G ratio of 3.60 and a beta of 1.06. American International Group, Inc. has a 12-month low of $57.72 and a 12-month high of $80.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average price of $74.77 and a 200-day moving average price of $75.69.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). The company had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.64 billion. American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.75 earnings per share. Equities research analysts expect that American International Group, Inc. will post 5.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Monday, September 16th. American International Group’s dividend payout ratio is currently 23.88%.

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.