Banco Bilbao Vizcaya Argentaria S.A. Boosts Stock Holdings in American International Group, Inc. $AIG

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in American International Group, Inc. (NYSE:AIG) by 779.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,276 shares of the insurance provider’s stock after buying an additional 97,734 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in American International Group were worth $8,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in AIG. Geneos Wealth Management Inc. grew its stake in shares of American International Group by 2.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock worth $434,000 after acquiring an additional 129 shares during the period. Westwood Holdings Group Inc. raised its stake in American International Group by 2.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock valued at $396,000 after acquiring an additional 130 shares during the period. First Bank & Trust raised its stake in American International Group by 2.2% in the 3rd quarter. First Bank & Trust now owns 6,053 shares of the insurance provider’s stock valued at $475,000 after acquiring an additional 131 shares during the period. JFS Wealth Advisors LLC lifted its holdings in American International Group by 17.7% during the third quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock valued at $68,000 after purchasing an additional 131 shares during the last quarter. Finally, Howard Capital Management Inc. lifted its holdings in American International Group by 3.0% during the third quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider’s stock valued at $370,000 after purchasing an additional 138 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AIG. Royal Bank Of Canada began coverage on shares of American International Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 target price for the company. The Goldman Sachs Group upgraded shares of American International Group from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Thursday, March 5th. Mizuho raised their price objective on shares of American International Group from $83.00 to $86.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Morgan Stanley set a $83.00 price objective on shares of American International Group in a research note on Monday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of American International Group from $96.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $88.17.

American International Group Trading Down 0.2%

Shares of AIG opened at $76.56 on Tuesday. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $88.07. The stock has a market cap of $41.08 billion, a PE ratio of 14.12, a P/E/G ratio of 0.59 and a beta of 0.58. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $76.55 and its 200-day moving average price is $78.68.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, February 12th. The insurance provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. The company had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.99 billion. American International Group had a net margin of 11.56% and a return on equity of 9.79%. During the same period last year, the business earned $1.30 earnings per share. On average, equities analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued 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 Monday, March 16th. American International Group’s dividend payout ratio (DPR) is presently 33.21%.

About American International Group

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.