Knights of Columbus Asset Advisors LLC Purchases 7,587 Shares of American International Group, Inc. (NYSE:AIG)

Knights of Columbus Asset Advisors LLC boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 116,120 shares of the insurance provider’s stock after acquiring an additional 7,587 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in American International Group were worth $7,867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AIG. Invesco Ltd. grew its position in shares of American International Group by 3.0% during the 3rd quarter. Invesco Ltd. now owns 17,085,545 shares of the insurance provider’s stock valued at $1,035,384,000 after acquiring an additional 503,547 shares during the period. Geode Capital Management LLC grew its holdings in American International Group by 1.4% during the first quarter. Geode Capital Management LLC now owns 13,407,381 shares of the insurance provider’s stock valued at $673,990,000 after purchasing an additional 180,340 shares during the period. FMR LLC increased its position in American International Group by 5.0% in the third quarter. FMR LLC now owns 12,745,085 shares of the insurance provider’s stock worth $772,352,000 after buying an additional 604,901 shares in the last quarter. Norges Bank bought a new position in shares of American International Group in the fourth quarter worth about $736,063,000. Finally, Bank of New York Mellon Corp lifted its position in shares of American International Group by 3.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 11,131,560 shares of the insurance provider’s stock valued at $674,573,000 after buying an additional 408,335 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on AIG shares. Citigroup raised their target price on shares of American International Group from $79.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Cowen initiated coverage on shares of American International Group in a research report on Wednesday, January 10th. They set a “market perform” rating and a $78.00 price objective on the stock. Royal Bank of Canada raised their target price on shares of American International Group from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Wells Fargo & Company lifted their price target on shares of American International Group from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Finally, Bank of America lowered shares of American International Group from a “buy” rating to a “neutral” rating and raised their target price for the company from $75.00 to $77.00 in a report on Tuesday, February 20th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.06.

American International Group Trading Up 2.0 %

Shares of AIG stock traded up $1.45 on Friday, reaching $74.44. 1,299,172 shares of the company’s stock were exchanged, compared to its average volume of 3,952,125. The company’s fifty day simple moving average is $74.10 and its 200 day simple moving average is $68.33. American International Group, Inc. has a 52 week low of $48.95 and a 52 week high of $78.95. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $50.69 billion, a PE ratio of 14.63, a P/E/G ratio of 1.03 and a beta of 1.03.

American International Group (NYSE:AIG) last released its earnings results 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 business had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 earnings per share. As a group, analysts forecast that American International Group, Inc. will post 7.03 EPS for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 annualized dividend and a yield of 1.93%. American International Group’s dividend payout ratio (DPR) is 28.86%.

Insiders Place Their Bets

In related news, Director John C. Inglis purchased 659 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the purchase, the director now owns 659 shares of the company’s stock, valued at approximately $49,682.01. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other American International Group news, CEO Peter Zaffino sold 333,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John C. Inglis purchased 659 shares of American International Group stock in a transaction dated Thursday, March 14th. The stock was acquired at an average price of $75.39 per share, with a total value of $49,682.01. Following the acquisition, the director now owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. 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.