LSV Asset Management Boosts Stake in American International Group, Inc. $AIG

LSV Asset Management lifted its stake in American International Group, Inc. (NYSE:AIGFree Report) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,990,872 shares of the insurance provider’s stock after purchasing an additional 88,353 shares during the period. LSV Asset Management owned 0.74% of American International Group worth $341,419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Navalign LLC purchased a new stake in shares of American International Group in the 4th quarter worth $29,000. Westfuller Advisors LLC purchased a new stake in shares of American International Group in the 3rd quarter worth $26,000. Atlantic Union Bankshares Corp increased its stake in shares of American International Group by 7,100.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 355 shares in the last quarter. Aventura Private Wealth LLC purchased a new stake in shares of American International Group in the 4th quarter worth $39,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of American International Group in the 3rd quarter worth $39,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AIG. Bank of America dropped their target price on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. UBS Group upped their target price on shares of American International Group from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Citigroup upped their target price on shares of American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Mizuho upped their target price on shares of American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Cantor Fitzgerald upped their target price on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, American International Group presently has an average rating of “Hold” and a consensus target price of $88.06.

Get Our Latest Research Report on AIG

American International Group Stock Down 2.0%

AIG opened at $77.03 on Friday. The firm has a 50-day simple moving average of $76.18 and a two-hundred day simple moving average of $77.64. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.46. The company has a market capitalization of $40.84 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.72 and a beta of 0.53. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIGGet Free Report) last released its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating the consensus estimate of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The business had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. Analysts forecast that American International Group, Inc. will post 7.97 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.50 per share. This is a boost from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. American International Group’s payout ratio is currently 31.75%.

American International Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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