Vanguard Group Inc. Increases Stake in American International Group, Inc. $AIG

Vanguard Group Inc. lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 11.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 68,482,752 shares of the insurance provider’s stock after buying an additional 7,117,583 shares during the quarter. Vanguard Group Inc. owned 0.12% of American International Group worth $5,378,635,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in American International Group during the fourth quarter valued at about $1,091,000. Sivia Capital Partners LLC lifted its stake in shares of American International Group by 30.7% in the 2nd 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. Private Trust Co. NA lifted its stake in shares of American International Group by 36.0% in the 2nd quarter. Private Trust Co. NA now owns 3,880 shares of the insurance provider’s stock valued at $332,000 after acquiring an additional 1,027 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in American International Group by 10.7% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 5,109 shares of the insurance provider’s stock valued at $406,000 after acquiring an additional 493 shares during the period. Finally, Journey Advisory Group LLC bought a new position in American International Group during the 2nd quarter worth approximately $240,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. HSBC boosted their price objective on American International Group from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Cantor Fitzgerald upped their price target on shares of American International Group from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. Wall Street Zen cut shares of American International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of American International Group from $96.00 to $97.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.58.

American International Group Stock Up 1.3%

Shares of NYSE:AIG opened at $79.25 on Wednesday. The firm has a market capitalization of $42.52 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.60 and a beta of 0.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a 50 day moving average price of $78.98 and a 200-day moving average price of $78.86. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $88.07.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.06. The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.99 billion. American International Group had a return on equity of 9.79% and a net margin of 11.56%.During the same period in the prior year, the firm earned $1.30 earnings per share. As a group, equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, March 16th. American International Group’s dividend payout ratio (DPR) is presently 33.21%.

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.