American International Group, Inc. (NYSE:AIG) Plans $0.45 Quarterly Dividend

American International Group, Inc. (NYSE:AIG) announced a quarterly dividend on Tuesday, February 10th. Stockholders of record on Monday, March 16th will be given a dividend of 0.45 per share by the insurance provider on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, March 16th.

American International Group has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. American International Group has a dividend payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect American International Group to earn $7.63 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 23.6%.

American International Group Price Performance

Shares of NYSE:AIG traded up $4.78 during trading on Wednesday, reaching $79.78. The stock had a trading volume of 4,909,419 shares, compared to its average volume of 5,412,598. The stock has a market capitalization of $43.05 billion, a PE ratio of 14.52, a P/E/G ratio of 0.56 and a beta of 0.61. American International Group has a 52 week low of $71.25 and a 52 week high of $88.07. The business’s 50-day moving average price is $78.80 and its 200 day moving average price is $78.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.06. The firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.99 billion. American International Group had a return on equity of 9.09% and a net margin of 11.89%.During the same quarter in the previous year, the company posted $1.30 EPS. As a group, equities analysts predict that American International Group will post 6.24 earnings per share for the current year.

Hedge Funds Weigh In On American International Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vise Technologies Inc. acquired a new position in shares of American International Group in the 2nd quarter valued at $858,000. Jupiter Asset Management Ltd. bought a new stake in American International Group in the second quarter valued at about $6,127,000. Meeder Asset Management Inc. lifted its stake in American International Group by 88.8% in the third quarter. Meeder Asset Management Inc. now owns 58,314 shares of the insurance provider’s stock valued at $4,580,000 after buying an additional 27,431 shares during the period. AlphaQuest LLC acquired a new position in American International Group in the third quarter valued at about $2,724,000. Finally, Allstate Corp bought a new position in American International Group during the third quarter worth about $1,689,000. 90.60% of the stock is owned by institutional investors.

About American International Group

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.