UMB Bank n.a. Grows Position in American International Group, Inc. (NYSE:AIG)

UMB Bank n.a. boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 9.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,961 shares of the insurance provider’s stock after purchasing an additional 168 shares during the period. UMB Bank n.a.’s holdings in American International Group were worth $170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AIG. Jones Financial Companies Lllp increased its stake in American International Group by 54.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider’s stock worth $924,000 after purchasing an additional 4,468 shares during the period. Principal Securities Inc. grew its holdings in shares of American International Group by 94.4% in the fourth quarter. Principal Securities Inc. now owns 11,374 shares of the insurance provider’s stock worth $828,000 after purchasing an additional 5,522 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in American International Group by 34.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,161 shares of the insurance provider’s stock worth $813,000 after buying an additional 2,874 shares during the period. Empowered Funds LLC lifted its holdings in American International Group by 13.3% during the 4th quarter. Empowered Funds LLC now owns 13,513 shares of the insurance provider’s stock valued at $984,000 after buying an additional 1,585 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its position in American International Group by 42.5% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,465,871 shares of the insurance provider’s stock valued at $106,715,000 after buying an additional 437,339 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on AIG. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Wednesday, March 5th. UBS Group decreased their target price on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company upped their target price on American International Group from $81.00 to $82.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods raised their price target on American International Group from $94.00 to $97.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Finally, BMO Capital Markets upped their price objective on shares of American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research note on Thursday, March 13th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, American International Group presently has a consensus rating of “Moderate Buy” and an average price target of $88.12.

American International Group Stock Down 0.0%

Shares of American International Group stock opened at $84.31 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a market cap of $48.59 billion, a P/E ratio of -40.53, a PEG ratio of 1.01 and a beta of 0.64. The firm’s 50 day moving average price is $82.52 and its 200-day moving average price is $78.74. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $88.07.

American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.13. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. During the same period in the previous year, the company earned $1.25 earnings per share. On average, sell-side analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.45 per share. This is a positive change from American International Group’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Friday, June 13th. American International Group’s dividend payout ratio is currently -67.67%.

Insider Buying and Selling at American International Group

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $83.26, for a total value of $3,845,113.32. Following the completion of the transaction, the executive vice president now owns 21,400 shares of the company’s stock, valued at approximately $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is currently owned by company insiders.

American International Group Company 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.