OP Asset Management Ltd Acquires Shares of 57,347 American International Group, Inc. $AIG

OP Asset Management Ltd bought a new stake in shares of American International Group, Inc. (NYSE:AIG) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 57,347 shares of the insurance provider’s stock, valued at approximately $4,315,000.

A number of other large investors also recently made changes to their positions in the stock. Modus Advisors LLC bought a new stake in American International Group in the fourth quarter valued at about $27,000. Navalign LLC acquired a new position in American International Group in the fourth quarter valued at about $29,000. Mcguire Capital Advisors Inc. bought a new position in American International Group during the fourth quarter worth about $29,000. SHP Wealth Management bought a new position in American International Group during the fourth quarter worth about $34,000. Finally, CENTRAL TRUST Co grew its position in shares of American International Group by 48.7% during the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after buying an additional 151 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on AIG shares. HSBC increased 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 report on Monday, May 4th. Barclays boosted their price objective on shares of American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Keefe, Bruyette & Woods upped their target price on shares of American International Group from $97.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. cut their target price on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Finally, Morgan Stanley decreased their price target on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.78.

American International Group Price Performance

Shares of AIG opened at $75.47 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $87.29. The stock has a market capitalization of $40.01 billion, a P/E ratio of 13.31, a P/E/G ratio of 0.69 and a beta of 0.52. The company has a 50 day moving average of $75.77 and a 200-day moving average of $77.31.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The business had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. As a group, equities research analysts forecast that American International Group, Inc. will post 7.98 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be given 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 annualized dividend and a yield of 2.7%. American International Group’s payout ratio is presently 35.27%.

American International Group Company 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.