American International Group, Inc. (NYSE:AIG) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in American International Group, Inc. (NYSE:AIG – Get Rating) by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,676 shares of the insurance provider’s stock after purchasing an additional 714 shares during the quarter. Victory Capital Management Inc.’s holdings in American International Group were worth $20,083,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Accurate Wealth Management LLC acquired a new stake in American International Group during the 4th quarter worth about $25,000. Arcus Capital Partners LLC acquired a new stake in American International Group during the 4th quarter worth about $25,000. U.S. Capital Wealth Advisors LLC acquired a new stake in American International Group during the 4th quarter worth about $28,000. International Assets Investment Management LLC acquired a new stake in American International Group during the 4th quarter worth about $29,000. Finally, Guardian Wealth Advisors LLC acquired a new stake in American International Group during the 3rd quarter worth about $34,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

American International Group Price Performance

NYSE:AIG opened at $53.85 on Monday. American International Group, Inc. has a 12 month low of $45.66 and a 12 month high of $64.88. The stock has a 50 day moving average of $51.10 and a two-hundred day moving average of $57.84. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.09. The firm has a market cap of $38.97 billion, a P/E ratio of 7.03, a price-to-earnings-growth ratio of 0.84 and a beta of 1.11.

American International Group (NYSE:AIG – Get Rating) last posted its quarterly earnings results on Friday, May 5th. The insurance provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The business had revenue of $10.98 billion during the quarter, compared to analyst estimates of $11.35 billion. American International Group had a return on equity of 8.55% and a net margin of 11.71%. During the same period in the prior year, the business earned $1.30 earnings per share. On average, analysts expect that American International Group, Inc. will post 6.47 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.32. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.67%. American International Group’s dividend payout ratio is 16.71%.

Analyst Ratings Changes

AIG has been the subject of a number of research reports. Jefferies Financial Group lowered their price target on American International Group from $75.00 to $67.00 and set a “buy” rating for the company in a research report on Monday, April 10th. Citigroup decreased their price objective on American International Group from $71.00 to $70.00 in a report on Tuesday, April 18th. Credit Suisse Group reissued a “neutral” rating and issued a $60.00 price objective on shares of American International Group in a report on Friday, April 21st. TheStreet cut American International Group from a “b” rating to a “c+” rating in a report on Thursday, May 4th. Finally, Evercore ISI decreased their price objective on American International Group from $70.00 to $63.00 and set an “in-line” rating for the company in a report on Thursday, April 13th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $67.00.

American International Group Company Profile

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American International Group, Inc engages in the provision of a range of property casualty insurance, life insurance, retirement products, and other financial services to commercial and individual customers. It operates through the following segments: General Insurance, Life and Retirement and Other Operations.