American International Group, Inc. $AIG Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of American International Group, Inc. (NYSE:AIG) by 21.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 583,680 shares of the insurance provider’s stock after purchasing an additional 103,762 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.11% of American International Group worth $45,842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AIG. Norges Bank bought a new position in American International Group in the 2nd quarter valued at about $787,724,000. Viking Global Investors LP acquired a new stake in shares of American International Group in the 2nd quarter worth approximately $155,413,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of American International Group by 3,745.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 929,330 shares of the insurance provider’s stock valued at $79,541,000 after acquiring an additional 905,164 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of American International Group by 6.1% during the second quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock valued at $1,072,969,000 after acquiring an additional 716,209 shares during the period. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in American International Group in the second quarter worth approximately $53,579,000. 90.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AIG. Cantor Fitzgerald lowered their price target on American International Group from $80.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. The Goldman Sachs Group lifted their target price on American International Group from $81.00 to $83.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. Barclays lowered their price objective on shares of American International Group from $88.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $87.42.

American International Group Price Performance

AIG stock opened at $72.23 on Friday. American International Group, Inc. has a one year low of $71.25 and a one year high of $88.07. The firm has a 50-day moving average of $79.12 and a two-hundred day moving average of $79.39. The firm has a market capitalization of $38.97 billion, a PE ratio of 13.13, a P/E/G ratio of 0.75 and a beta of 0.62. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.63. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.82 billion. American International Group had a net margin of 11.89% and a return on equity of 9.09%. During the same period last year, the firm posted $1.23 earnings per share. On average, analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, December 16th. American International Group’s payout ratio is 32.73%.

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.