Nisa Investment Advisors LLC Has $21.71 Million Position in American International Group, Inc. $AIG

Nisa Investment Advisors LLC raised its holdings in American International Group, Inc. (NYSE:AIG) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 253,691 shares of the insurance provider’s stock after buying an additional 11,675 shares during the period. Nisa Investment Advisors LLC’s holdings in American International Group were worth $21,713,000 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 the stock. Pinnacle Associates Ltd. increased its position 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 valued at $670,000 after acquiring an additional 122 shares during the last quarter. Aaron Wealth Advisors LLC increased its position in shares of American International Group by 2.4% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider’s stock worth $468,000 after purchasing an additional 126 shares during the last quarter. Monument Capital Management increased its holdings in 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. Montag A & Associates Inc. increased its holdings in 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. Finally, Carnegie Investment Counsel increased its holdings in American International Group by 3.1% during the first quarter. Carnegie Investment Counsel now owns 4,311 shares of the insurance provider’s stock worth $375,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

American International Group stock opened at $78.93 on Monday. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The stock’s 50 day moving average is $79.91 and its 200-day moving average is $81.41. 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 capitalization of $43.73 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.78 and a beta of 0.68.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 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 for the quarter, compared to analyst estimates of $6.81 billion. During the same period in the prior year, the firm posted $1.16 EPS. Equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently weighed in on AIG. JPMorgan Chase & Co. boosted their price objective 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, October 9th. Jefferies Financial Group boosted their price target on American International Group from $96.00 to $99.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Bank of America boosted their price target on American International Group from $88.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, October 13th. UBS Group boosted their target price on American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods decreased their target price on American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.81.

About American International Group

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.