American International Group, Inc. $AIG Holdings Lifted by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB increased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 7.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,627 shares of the insurance provider’s stock after buying an additional 176 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in American International Group were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. bought a new stake in shares of American International Group during the 4th quarter worth about $29,000. Sachetta LLC raised its holdings in American International Group by 194.5% in the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 249 shares in the last quarter. Hemington Wealth Management raised its holdings in American International Group by 42.8% in the 1st quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 142 shares in the last quarter. NBC Securities Inc. acquired a new position in American International Group in the 1st quarter valued at approximately $47,000. Finally, WPG Advisers LLC acquired a new position in American International Group in the 1st quarter valued at approximately $47,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Trading Up 1.6%

American International Group stock opened at $78.07 on Friday. American International Group, Inc. has a 52 week low of $69.24 and a 52 week high of $88.07. The stock has a market capitalization of $43.25 billion, a P/E ratio of 14.79, a PEG ratio of 0.82 and a beta of 0.70. The stock has a 50-day simple moving average of $79.87 and a 200 day simple moving average of $81.98. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. Analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 16th. American International Group’s payout ratio is presently 34.09%.

Analyst Ratings Changes

AIG has been the subject of a number of recent research reports. William Blair raised American International Group to a “strong-buy” rating in a report on Friday, August 1st. Citigroup initiated coverage on American International Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 target price for the company. Wolfe Research initiated coverage on American International Group in a report on Tuesday. They issued a “peer perform” rating for the company. 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 report on Tuesday, August 12th. Finally, Cantor Fitzgerald raised American International Group to a “hold” rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, American International Group presently has an average rating of “Moderate Buy” and an average price target of $88.27.

American International Group Profile

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.