Fifth Third Wealth Advisors LLC Buys 320 Shares of American International Group, Inc. $AIG

Fifth Third Wealth Advisors LLC grew its stake in American International Group, Inc. (NYSE:AIG) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,310 shares of the insurance provider’s stock after acquiring an additional 320 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in American International Group were worth $2,166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Pinnacle Associates Ltd. raised its stake in shares of American International Group by 1.6% in the first quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider’s stock worth $670,000 after acquiring an additional 122 shares during the last quarter. Western Pacific Wealth Management LP raised its stake in shares of American International Group by 2.3% in the first quarter. Western Pacific Wealth Management LP now owns 5,673 shares of the insurance provider’s stock worth $493,000 after acquiring an additional 125 shares during the last quarter. Aaron Wealth Advisors LLC raised its stake in shares of American International Group by 2.4% during the second quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider’s stock worth $468,000 after buying an additional 126 shares during the last quarter. Monument Capital Management raised its stake in shares of American International Group by 3.5% during the second quarter. Monument Capital Management now owns 3,828 shares of the insurance provider’s stock worth $328,000 after buying an additional 129 shares during the last quarter. Finally, Montag A & Associates Inc. raised its stake in shares of American International Group by 0.7% during the first quarter. Montag A & Associates Inc. now owns 17,788 shares of the insurance provider’s stock worth $1,546,000 after buying an additional 130 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AIG shares. Cantor Fitzgerald raised shares of American International Group to a “hold” rating in a research note on Tuesday, August 12th. UBS Group boosted their price target on shares of American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday. Evercore ISI boosted their price target on shares of American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods dropped their price target on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $89.53.

American International Group Stock Down 2.2%

Shares of NYSE:AIG opened at $81.34 on Friday. American International Group, Inc. has a 52 week low of $69.24 and a 52 week high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $45.06 billion, a PE ratio of 15.41, a PEG ratio of 0.86 and a beta of 0.68. The company has a 50 day moving average price of $79.80 and a two-hundred day moving average price of $81.66.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the prior year, the firm earned $1.16 earnings per share. Analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, September 16th. American International Group’s dividend payout ratio is 34.09%.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.