Aviva PLC Acquires 90,866 Shares of American International Group, Inc. $AIG

Aviva PLC increased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 26.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 436,483 shares of the insurance provider’s stock after acquiring an additional 90,866 shares during the period. Aviva PLC’s holdings in American International Group were worth $37,359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Pinnacle Associates Ltd. boosted its stake in shares of American International Group by 1.6% during the first quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider’s stock valued at $670,000 after purchasing an additional 122 shares during the period. Aaron Wealth Advisors LLC boosted its position in American International Group by 2.4% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider’s stock valued at $468,000 after buying an additional 126 shares during the period. Monument Capital Management grew its stake in American International Group by 3.5% in the 2nd quarter. Monument Capital Management now owns 3,828 shares of the insurance provider’s stock worth $328,000 after acquiring an additional 129 shares in the last quarter. Montag A & Associates Inc. increased its position 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 acquiring an additional 130 shares during the period. Finally, Carnegie Investment Counsel raised its stake in shares of American International Group by 3.1% during the first quarter. Carnegie Investment Counsel now owns 4,311 shares of the insurance provider’s stock valued at $375,000 after acquiring an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Barclays increased their price objective on American International Group from $93.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Keefe, Bruyette & Woods dropped their price target on American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Bank of America lifted their price objective on American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, October 13th. JPMorgan Chase & Co. increased their target price on shares of American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Finally, William Blair upgraded shares of American International Group to a “strong-buy” rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, American International Group has a consensus rating of “Moderate Buy” and a consensus price target of $89.93.

American International Group Price Performance

NYSE AIG opened at $76.80 on Monday. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07. The firm’s fifty day simple moving average is $79.13 and its two-hundred day simple moving average is $81.18. 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 firm has a market capitalization of $41.44 billion, a P/E ratio of 14.55, a P/E/G ratio of 0.77 and a beta of 0.73.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, November 4th. The insurance provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the business earned $1.23 EPS. Analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group’s payout ratio is presently 32.73%.

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.