Caxton Associates LP lifted its holdings in shares of American International Group Inc (NYSE:AIG) by 2,292.6% during the 4th quarter, Holdings Channel reports. The firm owned 225,000 shares of the insurance provider’s stock after acquiring an additional 215,596 shares during the period. American International Group accounts for about 1.4% of Caxton Associates LP’s investment portfolio, making the stock its 6th largest holding. Caxton Associates LP’s holdings in American International Group were worth $8,867,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AIG. Vanguard Group Inc raised its position in shares of American International Group by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 66,104,610 shares of the insurance provider’s stock worth $3,519,409,000 after buying an additional 225,775 shares during the period. FMR LLC raised its position in shares of American International Group by 25.1% in the 3rd quarter. FMR LLC now owns 28,305,780 shares of the insurance provider’s stock worth $1,506,999,000 after buying an additional 5,684,245 shares during the period. Boston Partners raised its position in shares of American International Group by 13.7% in the 4th quarter. Boston Partners now owns 14,867,095 shares of the insurance provider’s stock worth $585,912,000 after buying an additional 1,797,115 shares during the period. Macquarie Group Ltd. raised its position in shares of American International Group by 5.1% in the 3rd quarter. Macquarie Group Ltd. now owns 13,378,172 shares of the insurance provider’s stock worth $712,255,000 after buying an additional 644,330 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of American International Group by 4,353.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,224,577 shares of the insurance provider’s stock worth $336,000 after buying an additional 12,927,638 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

NYSE:AIG opened at $44.04 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.26 and a current ratio of 0.26. American International Group Inc has a 12 month low of $36.16 and a 12 month high of $56.79. The stock has a market capitalization of $38.29 billion, a price-to-earnings ratio of 37.64, a P/E/G ratio of 0.89 and a beta of 1.37.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, February 13th. The insurance provider reported ($0.63) EPS for the quarter, missing the consensus estimate of $0.47 by ($1.10). American International Group had a negative net margin of 0.01% and a positive return on equity of 1.76%. The company had revenue of $12.33 billion during the quarter, compared to analysts’ expectations of $12.13 billion. During the same period last year, the business earned $0.57 earnings per share. Equities research analysts anticipate that American International Group Inc will post 4.4 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.28 annualized dividend and a dividend yield of 2.91%. American International Group’s dividend payout ratio is presently 109.40%.

American International Group announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 13th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the insurance provider to purchase up to 5.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Several research analysts have commented on the company. Wells Fargo & Co reissued a “buy” rating and issued a $54.00 price objective on shares of American International Group in a research report on Wednesday, February 13th. Compass Point assumed coverage on American International Group in a research report on Tuesday, January 15th. They issued a “neutral” rating and a $44.00 price objective on the stock. ValuEngine raised American International Group from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price objective on shares of American International Group in a research report on Friday, December 7th. They noted that the move was a valuation call. Finally, Argus lowered American International Group from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $55.77.

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American International Group Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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