Vestmark Advisory Solutions Inc. Raises Stake in American International Group, Inc. $AIG

Vestmark Advisory Solutions Inc. increased its position in shares of American International Group, Inc. (NYSE:AIG) by 285.5% during the 3rd quarter, Holdings Channel reports. The firm owned 14,744 shares of the insurance provider’s stock after acquiring an additional 10,919 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in American International Group were worth $1,158,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AIG. Westfuller Advisors LLC purchased a new stake in shares of American International Group during the third quarter worth about $26,000. Atlantic Union Bankshares Corp grew its holdings in American International Group by 7,100.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after buying an additional 355 shares in the last quarter. Eastern Bank raised its position in shares of American International Group by 2,473.3% during the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after buying an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of American International Group in the second quarter worth $32,000. Finally, Motco boosted its position in shares of American International Group by 950.0% during the third quarter. Motco now owns 420 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 380 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Price Performance

Shares of AIG stock opened at $80.16 on Thursday. The stock has a 50 day moving average price of $78.47 and a 200 day moving average price of $78.94. The firm has a market capitalization of $43.01 billion, a P/E ratio of 14.79, a P/E/G ratio of 0.61 and a beta of 0.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $88.07.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 10th. The insurance provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter last year, the firm posted $1.30 EPS. As a group, sell-side analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. American International Group’s payout ratio is 33.21%.

Analyst Ratings Changes

AIG has been the topic of a number of research reports. Wall Street Zen downgraded shares of American International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. HSBC raised their price target on American International Group from $86.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 12th. TD Cowen upped their price objective on American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Wells Fargo & Company raised their target price on shares of American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of American International Group from $96.00 to $97.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $87.58.

American International Group Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.