Mitchell Mcleod Pugh & Williams Inc. Grows Stake in American International Group, Inc. $AIG

Mitchell Mcleod Pugh & Williams Inc. raised its stake in American International Group, Inc. (NYSE:AIG) by 106.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,147 shares of the insurance provider’s stock after acquiring an additional 9,351 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in American International Group were worth $1,552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIG. Brighton Jones LLC purchased a new position in American International Group in the fourth quarter valued at about $1,091,000. Sivia Capital Partners LLC boosted its stake in American International Group by 30.7% in the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after acquiring an additional 1,185 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in American International Group in the second quarter valued at about $217,000. Ieq Capital LLC boosted its stake in American International Group by 11.5% in the second quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock valued at $20,958,000 after acquiring an additional 25,311 shares during the last quarter. Finally, HUB Investment Partners LLC purchased a new position in American International Group in the second quarter valued at about $269,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Performance

Shares of AIG stock opened at $75.02 on Thursday. The stock has a market capitalization of $39.78 billion, a P/E ratio of 13.23, a PEG ratio of 0.68 and a beta of 0.52. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average is $76.07 and its 200 day moving average is $77.40. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The company had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same period in the prior year, the company posted $1.17 EPS. On average, sell-side analysts anticipate that American International Group, Inc. will post 7.99 earnings per share for the current year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a dividend of $0.50 per share. This is a boost from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. American International Group’s payout ratio is currently 31.75%.

Analysts Set New Price Targets

AIG has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their target price on shares of American International Group from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday. Wells Fargo & Company dropped their target price on shares of American International Group from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Citigroup upped their price target on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. HSBC upped their price target on shares of American International Group from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Bank of America dropped their price target on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $87.78.

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.