Nisa Investment Advisors LLC Grows Stock Holdings in American International Group, Inc. (NYSE:AIG)

Nisa Investment Advisors LLC raised its stake in American International Group, Inc. (NYSE:AIG) by 14.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,628 shares of the insurance provider’s stock after buying an additional 20,911 shares during the period. Nisa Investment Advisors LLC’s holdings in American International Group were worth $11,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new stake in shares of American International Group in the 1st quarter valued at about $84,000. Cetera Advisor Networks LLC raised its holdings in shares of American International Group by 11.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 5,535 shares of the insurance provider’s stock valued at $347,000 after purchasing an additional 578 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of American International Group by 1.2% in the 1st quarter. Blair William & Co. IL now owns 100,861 shares of the insurance provider’s stock valued at $6,331,000 after purchasing an additional 1,207 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of American International Group by 20.1% in the 1st quarter. Cetera Investment Advisers now owns 20,447 shares of the insurance provider’s stock valued at $1,283,000 after purchasing an additional 3,428 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of American International Group by 43.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,324 shares of the insurance provider’s stock valued at $334,000 after purchasing an additional 1,608 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on AIG. HSBC began coverage on shares of American International Group in a report on Thursday, December 28th. They issued a “buy” rating and a $86.00 price target for the company. BMO Capital Markets reduced their price objective on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. JPMorgan Chase & Co. boosted their price objective on shares of American International Group from $73.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday. UBS Group boosted their price objective on shares of American International Group from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Bank of America lowered shares of American International Group from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $77.00 in a research note on Tuesday, February 20th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.78.

American International Group Trading Up 0.2 %

NYSE AIG opened at $77.86 on Tuesday. The stock has a market cap of $53.02 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.09 and a beta of 1.03. American International Group, Inc. has a 12-month low of $48.95 and a 12-month high of $78.95. The company has a fifty day simple moving average of $73.37 and a two-hundred day simple moving average of $67.72. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.20. The firm had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.36 earnings per share. On average, analysts forecast that American International Group, Inc. will post 7.1 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.36 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.85%. American International Group’s payout ratio is currently 28.86%.

Insider Transactions at American International Group

In other news, CEO Peter Zaffino sold 333,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the sale, the chief executive officer now owns 505,420 shares in the company, valued at $38,346,215.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director John C. Inglis purchased 659 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the transaction, the director now owns 659 shares in the company, valued at $49,682.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the sale, the chief executive officer now owns 505,420 shares in the company, valued at approximately $38,346,215.40. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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.