D.A. Davidson & CO. increased its stake in shares of American International Group, Inc. (NYSE:AIG – Free Report) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 157,752 shares of the insurance provider’s stock after acquiring an additional 6,737 shares during the quarter. D.A. Davidson & CO.’s holdings in American International Group were worth $11,871,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its holdings in shares of American International Group by 2.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after purchasing an additional 129 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of American International Group by 2.9% during the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock valued at $396,000 after purchasing an additional 130 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of American International Group by 12.6% in the fourth quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock worth $107,000 after purchasing an additional 140 shares during the last quarter. GW&K Investment Management LLC increased its holdings in shares of American International Group by 8.1% in the fourth quarter. GW&K Investment Management LLC now owns 1,917 shares of the insurance provider’s stock worth $164,000 after purchasing an additional 144 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its position in shares of American International Group by 1.3% in the first quarter. Kestra Private Wealth Services LLC now owns 11,048 shares of the insurance provider’s stock worth $831,000 after buying an additional 146 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. BMO Capital Markets increased their price target on American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Mizuho lifted their price objective on American International Group from $86.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Wells Fargo & Company upped their price objective on American International Group from $85.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Citigroup raised their target price on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, UBS Group boosted their price target on shares of American International Group from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $88.00.
American International Group Price Performance
NYSE:AIG opened at $77.91 on Friday. The firm has a market capitalization of $41.31 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.70 and a beta of 0.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50 day simple moving average of $76.34 and a 200-day simple moving average of $76.69. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29.
American International Group (NYSE:AIG – Get Free Report) last released its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The firm had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the previous year, the company posted $1.17 EPS. Equities analysts forecast that American International Group, Inc. will post 8 EPS for the current year.
American International Group Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. This is a positive change from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, June 15th. American International Group’s dividend payout ratio (DPR) is presently 35.27%.
American International Group Profile
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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