American International Group, Inc. $AIG Stock Holdings Increased by AGF Management Ltd.

AGF Management Ltd. boosted its stake in shares of American International Group, Inc. (NYSE:AIG) by 12.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,124 shares of the insurance provider’s stock after purchasing an additional 1,812 shares during the period. AGF Management Ltd.’s holdings in American International Group were worth $1,380,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AIG. GQG Partners LLC lifted its holdings in shares of American International Group by 33,315.0% during the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock valued at $1,643,995,000 after buying an additional 18,852,949 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in American International Group by 22.8% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock valued at $792,340,000 after acquiring an additional 1,694,290 shares in the last quarter. Nuveen LLC bought a new position in American International Group during the first quarter valued at approximately $440,273,000. AQR Capital Management LLC lifted its stake in American International Group by 184.4% in the first quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock valued at $287,214,000 after acquiring an additional 2,162,545 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in American International Group by 151.6% in the first quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock worth $285,682,000 after acquiring an additional 1,980,001 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

American International Group stock opened at $76.19 on Wednesday. The business has a 50 day simple moving average of $78.95 and a 200 day simple moving average of $81.11. 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 company has a market capitalization of $41.11 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, November 4th. The insurance provider reported $2.20 EPS for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The business had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the business earned $1.23 EPS. On average, sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 16th. American International Group’s dividend payout ratio is presently 32.73%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AIG shares. JPMorgan Chase & Co. raised their price target on shares of American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Cantor Fitzgerald raised shares of American International Group to a “hold” rating in a research report on Tuesday, August 12th. Piper Sandler cut their target price on American International Group from $96.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of American International Group in a research note on Wednesday, October 8th. Finally, Cfra Research raised American International Group to a “moderate buy” rating in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.93.

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.