WINTON GROUP Ltd increased its stake in shares of American International Group, Inc. (NYSE:AIG – Free Report) by 2,369.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 152,100 shares of the insurance provider’s stock after purchasing an additional 145,940 shares during the quarter. WINTON GROUP Ltd’s holdings in American International Group were worth $11,336,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its holdings in American International Group by 6,834.8% in the second quarter. California State Teachers Retirement System now owns 65,677,774 shares of the insurance provider’s stock worth $4,894,964,000 after buying an additional 64,730,704 shares during the last quarter. Wellington Management Group LLP grew its position in American International Group by 6.9% in the second quarter. Wellington Management Group LLP now owns 30,331,704 shares of the insurance provider’s stock worth $2,260,622,000 after acquiring an additional 1,961,270 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in American International Group by 39.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock worth $1,400,613,000 after acquiring an additional 4,661,246 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of American International Group by 36.9% during the 4th quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock worth $1,336,147,000 after purchasing an additional 4,210,363 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of American International Group by 22.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock valued at $805,529,000 after purchasing an additional 1,846,979 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.
American International Group Trading Up 0.4%
Shares of AIG stock opened at $75.01 on Thursday. The firm has a fifty day moving average of $77.95 and a 200-day moving average of $76.89. The stock has a market cap of $39.22 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 0.84 and a beta of 0.50. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $87.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61.
American International Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. American International Group’s dividend payout ratio is 36.56%.
Wall Street Analysts Forecast Growth
Several research firms have commented on AIG. Mizuho increased their target price on shares of American International Group from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. UBS Group upped their price target on American International Group from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada increased their price objective on American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Cantor Fitzgerald cut their price objective on American International Group from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Finally, Wells Fargo & Company reduced their target price on American International Group from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, August 10th. Eight research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, American International Group presently has an average rating of “Hold” and an average price target of $88.37.
Check Out Our Latest Stock Analysis on AIG
Insider Transactions at American International Group
In other American International Group news, insider Peter Zaffino sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $76.47, for a total value of $15,294,000.00. Following the completion of the sale, the insider owned 592,833 shares in the company, valued at approximately $45,333,939.51. This trade represents a 25.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.
American International Group Company Profile
American International Group, Inc (NYSE:AIG) is a global insurance organization that provides commercial and personal insurance products and services. Through its General Insurance business, AIG offers property, casualty, liability, workers’ compensation, accident, specialty, and other insurance solutions to businesses, institutions, and individuals.
AIG serves multinational corporations, small and midsize businesses, public-sector organizations, and individual policyholders through a network spanning numerous countries and jurisdictions.
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