Caprock Group LLC Acquires 1,921 Shares of American International Group, Inc. (NYSE:AIG)

Caprock Group LLC grew its holdings in shares of American International Group, Inc. (NYSE:AIG) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,902 shares of the insurance provider’s stock after acquiring an additional 1,921 shares during the period. Caprock Group LLC’s holdings in American International Group were worth $2,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swedbank AB bought a new position in shares of American International Group during the 1st quarter valued at approximately $99,951,000. Canada Pension Plan Investment Board boosted its position in shares of American International Group by 98.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,893,990 shares of the insurance provider’s stock worth $148,053,000 after purchasing an additional 941,607 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of American International Group by 5.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after purchasing an additional 722,237 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of American International Group by 83.6% during the 2nd quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock valued at $97,825,000 after buying an additional 597,765 shares in the last quarter. Finally, Senator Investment Group LP boosted its holdings in American International Group by 41.0% in the 1st quarter. Senator Investment Group LP now owns 1,517,466 shares of the insurance provider’s stock worth $118,620,000 after buying an additional 441,048 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Trading Down 1.3 %

AIG opened at $75.28 on Wednesday. American International Group, Inc. has a 12 month low of $63.79 and a 12 month high of $80.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $75.33 and a 200 day moving average of $75.65. The firm has a market cap of $46.96 billion, a P/E ratio of -22.21, a P/E/G ratio of 7.50 and a beta of 1.05.

American International Group (NYSE:AIG) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter in the prior year, the firm posted $1.61 EPS. As a group, research analysts forecast that American International Group, Inc. will post 5.13 EPS for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.13%. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Insider Buying and Selling

In related news, major shareholder International Group American sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the sale, the insider now directly owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on AIG. BMO Capital Markets cut American International Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Royal Bank of Canada restated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Evercore ISI lowered their target price on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Wednesday, October 9th. Finally, Jefferies Financial Group upped their target price on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, American International Group presently has an average rating of “Moderate Buy” and a consensus price target of $84.13.

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.