Oak Thistle LLC Acquires 13,303 Shares of American International Group, Inc. $AIG

Oak Thistle LLC raised its stake in American International Group, Inc. (NYSE:AIG) by 117.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,631 shares of the insurance provider’s stock after buying an additional 13,303 shares during the quarter. Oak Thistle LLC’s holdings in American International Group were worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in American International Group during the second quarter worth about $787,724,000. AQR Capital Management LLC boosted its position in American International Group by 184.4% during the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock worth $287,214,000 after acquiring an additional 2,162,545 shares during the last quarter. Viking Global Investors LP acquired a new position in American International Group during the second quarter worth $155,413,000. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of American International Group by 22.8% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock worth $792,340,000 after buying an additional 1,694,290 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in American International Group by 347.6% during the first quarter. Voya Investment Management LLC now owns 1,306,576 shares of the insurance provider’s stock valued at $113,594,000 after purchasing an additional 1,014,691 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on AIG shares. The Goldman Sachs Group decreased their price objective on shares of American International Group from $84.00 to $81.00 and set a “neutral” rating for the company in a research report on Monday, December 8th. UBS Group upped their price target on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price objective on American International Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 12th. Evercore ISI boosted their target price on shares of American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Finally, Morgan Stanley lowered their price target on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, American International Group has an average rating of “Hold” and a consensus price target of $88.89.

American International Group Stock Performance

Shares of AIG stock opened at $86.08 on Thursday. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32. The business’s 50 day simple moving average is $78.59 and its 200 day simple moving average is $80.32. The stock has a market capitalization of $46.45 billion, a PE ratio of 15.65, a PEG ratio of 0.88 and a beta of 0.62.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the firm earned $1.23 earnings per share. As a group, research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.1%. American International Group’s payout ratio is 32.73%.

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.