Chesley Taft & Associates LLC Takes Position in American International Group, Inc. $AIG

Chesley Taft & Associates LLC purchased a new stake in American International Group, Inc. (NYSE:AIG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,386 shares of the insurance provider’s stock, valued at approximately $889,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of American International Group by 11.6% in the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after acquiring an additional 7,117,583 shares during the last quarter. Capital Research Global Investors raised its position in American International Group by 79.6% in the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after purchasing an additional 12,645,616 shares during the period. Wellington Management Group LLP lifted its stake in American International Group by 7.9% during the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after purchasing an additional 1,899,203 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in American International Group by 4.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider’s stock worth $951,230,000 after purchasing an additional 499,330 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of American International Group by 22.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock valued at $805,529,000 after buying an additional 1,846,979 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AIG shares. Wells Fargo & Company increased their price objective on American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. TD Cowen boosted their price objective on shares of American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Jefferies Financial Group increased their target price on shares of American International Group from $96.00 to $101.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Bank of America reduced their price target on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, January 16th. Finally, Evercore dropped their price objective on American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.17.

American International Group Stock Performance

Shares of AIG opened at $73.04 on Monday. 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 company has a 50-day simple moving average of $76.48 and a 200-day simple moving average of $78.33. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $88.07. The company has a market capitalization of $39.19 billion, a PE ratio of 13.48, a P/E/G ratio of 0.56 and a beta of 0.58.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. Equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, March 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.5%. American International Group’s dividend payout ratio (DPR) is 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.