OMERS ADMINISTRATION Corp Has $2.77 Million Stock Position in American International Group, Inc. $AIG

OMERS ADMINISTRATION Corp increased its holdings in American International Group, Inc. (NYSE:AIG) by 27.1% during the first quarter, HoldingsChannel reports. The fund owned 36,766 shares of the insurance provider’s stock after acquiring an additional 7,836 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in American International Group were worth $2,767,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AIG. Norges Bank acquired a new position in American International Group during the 4th quarter valued at about $636,782,000. Price T Rowe Associates Inc. MD raised its stake in shares of American International Group by 39.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock worth $1,400,613,000 after purchasing an additional 4,661,246 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of American International Group by 36.9% in the fourth quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock worth $1,336,147,000 after purchasing an additional 4,210,363 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings 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 valued at $805,529,000 after purchasing an additional 1,846,979 shares in the last quarter. Finally, Viking Global Investors LP bought a new position in shares of American International Group in the second quarter valued at approximately $155,413,000. Institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AIG shares. UBS Group upped their price target on American International Group from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. The Goldman Sachs Group raised their price objective on American International Group from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods cut their price objective on shares of American International Group from $98.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. BMO Capital Markets upped their target price on shares of American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Finally, Barclays increased their target price 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, American International Group currently has an average rating of “Hold” and a consensus price target of $88.22.

American International Group Price Performance

Shares of NYSE AIG opened at $80.89 on Wednesday. The company has a market capitalization of $42.89 billion, a PE ratio of 14.27, a PEG ratio of 0.73 and a beta of 0.53. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $76.82 and its 200-day moving average price is $76.47. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $87.29.

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, beating analysts’ consensus estimates of $1.89 by $0.22. The company had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same period last year, the business posted $1.17 earnings per share. On average, equities analysts anticipate that American International Group, Inc. will post 7.97 EPS for the current year.

American International Group Increases Dividend

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

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.