Munich Reinsurance Co Stock Corp in Munich Boosts Stock Position in American International Group, Inc. $AIG

Munich Reinsurance Co Stock Corp in Munich lifted its stake in shares of American International Group, Inc. (NYSE:AIG) by 22.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 758,935 shares of the insurance provider’s stock after buying an additional 140,513 shares during the quarter. American International Group comprises about 1.4% of Munich Reinsurance Co Stock Corp in Munich’s portfolio, making the stock its 28th largest holding. Munich Reinsurance Co Stock Corp in Munich’s holdings in American International Group were worth $57,110,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AIG. Wellington Management Group LLP grew its holdings in shares of American International Group by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after purchasing an additional 1,899,203 shares during the period. Price T Rowe Associates Inc. MD lifted its position in American International Group by 39.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock valued at $1,400,613,000 after buying an additional 4,661,246 shares in the last quarter. Franklin Resources Inc. lifted its position in American International Group by 36.9% during the fourth quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock valued at $1,336,147,000 after buying an additional 4,210,363 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of American International Group by 22.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock worth $805,529,000 after acquiring an additional 1,846,979 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of American International Group by 10.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,482,558 shares of the insurance provider’s stock valued at $640,133,000 after acquiring an additional 731,802 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

American International Group stock opened at $79.63 on Thursday. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.29. 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 stock has a market cap of $42.22 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 0.74 and a beta of 0.53. The stock has a 50 day moving average of $76.01 and a 200-day moving average of $77.02.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $7.03 billion. During the same quarter last year, the company posted $1.17 earnings per share. On average, analysts expect that American International Group, Inc. will post 7.98 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.5%. American International Group’s payout ratio is presently 35.27%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AIG shares. JPMorgan Chase & Co. lowered their price target on American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Bank of America dropped their target price on American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Cantor Fitzgerald increased their price objective on shares of American International Group from $81.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Mizuho boosted their target price on shares of American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley lowered 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, seven have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $87.67.

About American International Group

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.