Permanent Capital Management LP Makes New $1.01 Million Investment in American International Group, Inc. $AIG

Permanent Capital Management LP purchased a new stake in American International Group, Inc. (NYSE:AIG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,826 shares of the insurance provider’s stock, valued at approximately $1,007,000.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC acquired a new stake in American International Group in the fourth quarter worth $1,091,000. CreativeOne Wealth LLC raised its stake in American International Group by 33.4% during the 1st quarter. CreativeOne Wealth LLC now owns 5,550 shares of the insurance provider’s stock worth $482,000 after buying an additional 1,390 shares during the period. WPG Advisers LLC bought a new position in American International Group during the first quarter worth about $47,000. Pinnacle Wealth Planning Services Inc. grew its stake in American International Group by 6.6% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 3,508 shares of the insurance provider’s stock valued at $305,000 after acquiring an additional 218 shares during the period. Finally, Baird Financial Group Inc. increased its holdings in shares of American International Group by 3.2% in the first quarter. Baird Financial Group Inc. now owns 39,344 shares of the insurance provider’s stock worth $3,421,000 after acquiring an additional 1,216 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AIG has been the subject of several research analyst reports. Wall Street Zen lowered American International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Wells Fargo & Company lifted their price target on shares of American International Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 12th. JPMorgan Chase & Co. increased their price objective on shares of American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of American International Group in a research report on Thursday, December 11th. Finally, Mizuho began coverage on shares of American International Group in a research note on Tuesday, December 16th. They issued a “neutral” rating and a $84.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $89.28.

American International Group Stock Performance

Shares of AIG opened at $86.48 on Monday. The stock has a market capitalization of $46.66 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 0.89 and a beta of 0.62. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The firm has a fifty day simple moving average of $79.38 and a 200 day simple moving average of $80.34. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, November 5th. 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 net margin of 11.89% and a return on equity of 9.09%. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the firm posted $1.23 EPS. Research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is currently 32.73%.

American International Group Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.