Massachusetts Financial Services Co. MA Boosts Stock Holdings in American International Group, Inc. $AIG

Massachusetts Financial Services Co. MA grew its position in American International Group, Inc. (NYSE:AIG) by 1.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,390,248 shares of the insurance provider’s stock after acquiring an additional 48,900 shares during the period. Massachusetts Financial Services Co. MA’s holdings in American International Group were worth $266,270,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC purchased a new position in shares of American International Group during the 4th quarter valued at approximately $1,091,000. Sivia Capital Partners LLC raised its position in American International Group by 30.7% during the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after acquiring an additional 1,185 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in American International Group by 2.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 186,816 shares of the insurance provider’s stock valued at $15,539,000 after purchasing an additional 5,006 shares in the last quarter. Diversified Trust Co lifted its holdings in American International Group by 4.1% during the second quarter. Diversified Trust Co now owns 3,495 shares of the insurance provider’s stock valued at $299,000 after purchasing an additional 138 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of American International Group by 27.4% in the second quarter. UMB Bank n.a. now owns 2,499 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 538 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AIG shares. HSBC lowered their price objective on American International Group from $91.00 to $86.00 and set a “buy” rating on the stock in a report on Friday. Cantor Fitzgerald lowered their price target on American International Group from $80.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Morgan Stanley dropped their price target on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. UBS Group raised their price objective on American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Barclays lowered their target price on shares of American International Group from $88.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $87.68.

American International Group Trading Down 1.6%

Shares of AIG stock opened at $72.85 on Tuesday. American International Group, Inc. has a 1-year low of $71.74 and a 1-year high of $88.07. The firm has a market cap of $39.31 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.70 and a beta of 0.62. The company has a 50-day moving average of $79.55 and a two-hundred day moving average of $79.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32.

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

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were given a dividend of $0.45 per share. 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 dividend payout ratio is currently 32.73%.

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.