DekaBank Deutsche Girozentrale Grows Position in American International Group, Inc. $AIG

DekaBank Deutsche Girozentrale grew its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 144,616 shares of the insurance provider’s stock after buying an additional 2,247 shares during the period. DekaBank Deutsche Girozentrale’s holdings in American International Group were worth $12,280,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AIG. GQG Partners LLC increased its position in American International Group by 33,315.0% during the first quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock worth $1,643,995,000 after buying an additional 18,852,949 shares in the last quarter. Nuveen LLC purchased a new position in American International Group during the first quarter worth $440,273,000. AQR Capital Management LLC increased its position in American International Group by 184.4% during the first quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock worth $287,214,000 after buying an additional 2,162,545 shares in the last quarter. Raymond James Financial Inc. increased its position in American International Group by 151.6% during the first quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock worth $285,682,000 after buying an additional 1,980,001 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in American International Group by 20.4% during the first quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider’s stock worth $974,840,000 after buying an additional 1,901,998 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

AIG stock opened at $78.87 on Friday. The stock has a 50-day moving average price of $79.93 and a two-hundred day moving average price of $81.39. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The company has a market cap of $43.69 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 0.78 and a beta of 0.68.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.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 previous year, the business earned $1.16 earnings per share. As a group, research analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 16th. American International Group’s payout ratio is 34.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Morgan Stanley lowered their price objective on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods lowered their price objective on American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a research report on Tuesday, August 12th. Wall Street Zen raised American International Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Cantor Fitzgerald raised American International Group to a “hold” rating in a research report on Tuesday, August 12th. Finally, The Goldman Sachs Group lifted their price objective on American International Group from $85.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, American International Group currently has an average rating of “Moderate Buy” and an average price target of $89.81.

American International Group Company 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.