Algebris UK Ltd. Acquires New Shares in American International Group, Inc. $AIG

Algebris UK Ltd. bought a new position in shares of American International Group, Inc. (NYSE:AIG) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 191,543 shares of the insurance provider’s stock, valued at approximately $15,032,000. American International Group makes up 1.7% of Algebris UK Ltd.’s portfolio, making the stock its 25th largest position.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in American International Group during the second quarter worth $787,724,000. Viking Global Investors LP purchased a new stake in shares of American International Group during the 2nd quarter worth $155,413,000. Robeco Institutional Asset Management B.V. boosted its position in American International Group by 3,745.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 929,330 shares of the insurance provider’s stock valued at $79,541,000 after purchasing an additional 905,164 shares in the last quarter. Franklin Resources Inc. grew its stake in American International Group by 6.1% in the second quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock valued at $1,072,969,000 after purchasing an additional 716,209 shares during the last quarter. Finally, McElhenny Sheffield Capital Management LLC purchased a new position in American International Group in the second quarter valued at about $53,579,000. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

AIG opened at $72.23 on Monday. The firm has a 50 day moving average of $79.12 and a two-hundred day moving average of $79.37. The firm has a market capitalization of $38.97 billion, a PE ratio of 13.13, a P/E/G ratio of 0.75 and a beta of 0.62. 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, Inc. has a 12-month low of $71.25 and a 12-month high of $88.07.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.82 billion. American International Group had a net margin of 11.89% and a return on equity of 9.09%. During the same quarter in the prior year, the business earned $1.23 earnings per share. On average, analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, December 16th. American International Group’s payout ratio is 32.73%.

Analysts Set New Price Targets

AIG has been the topic of a number of recent analyst reports. Evercore ISI lowered their price target on shares of American International Group from $90.00 to $85.00 in a report on Friday. Cantor Fitzgerald lowered their target price on shares of American International Group from $80.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Morgan Stanley cut their price target on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Wells Fargo & Company raised their price objective on American International Group from $83.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Finally, HSBC dropped their target price on American International Group from $91.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, American International Group presently has an average rating of “Hold” and a consensus target price of $87.42.

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.