American International Group, Inc. $AIG Shares Bought by Brighton Jones LLC

Brighton Jones LLC raised its stake in American International Group, Inc. (NYSE:AIG) by 22.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,693 shares of the insurance provider’s stock after acquiring an additional 3,484 shares during the quarter. Brighton Jones LLC’s holdings in American International Group were worth $1,600,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sachetta LLC raised its holdings in shares of American International Group by 194.5% in the first quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 249 shares during the last quarter. GFG Capital LLC acquired a new position in shares of American International Group in the second quarter worth $33,000. Barrett & Company Inc. acquired a new position in shares of American International Group in the second quarter worth $35,000. Caitong International Asset Management Co. Ltd acquired a new position in American International Group in the second quarter valued at $40,000. Finally, Hemington Wealth Management increased its stake in American International Group by 42.8% in the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 142 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of NYSE:AIG opened at $78.93 on Monday. The firm has a market capitalization of $43.73 billion, a PE ratio of 14.95, a P/E/G ratio of 0.78 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The business has a 50-day moving average of $79.91 and a two-hundred day moving average of $81.41. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same period in the prior year, the firm posted $1.16 earnings per share. As a group, research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently commented on AIG shares. The Goldman Sachs Group upped their target price on American International Group from $85.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Wall Street Zen upgraded American International Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Keefe, Bruyette & Woods dropped their target price on American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Jefferies Financial Group upped their target price on American International Group from $96.00 to $99.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Finally, William Blair upgraded American International Group to a “strong-buy” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, American International Group 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.