AlphaQuest LLC Makes New Investment in American International Group, Inc. $AIG

AlphaQuest LLC bought a new stake in shares of American International Group, Inc. (NYSE:AIG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,685 shares of the insurance provider’s stock, valued at approximately $2,724,000.

A number of other large investors have also recently made changes to their positions in the stock. Westfuller Advisors LLC bought a new position in American International Group during the third quarter valued at approximately $26,000. GFG Capital LLC bought a new stake in American International Group in the 2nd quarter worth approximately $33,000. Eastern Bank raised its stake in American International Group by 2,473.3% during the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after buying an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of American International Group during the 2nd quarter valued at $32,000. Finally, Barrett & Company Inc. purchased a new position in shares of American International Group in the 2nd quarter worth $35,000. 90.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Bank of America reduced their price objective on 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. JPMorgan Chase & Co. boosted their price target on American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. The Goldman Sachs Group increased their price objective on shares of American International Group from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. UBS Group raised their price objective on shares of American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, Barclays reduced their target price on shares of American International Group from $88.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, American International Group has a consensus rating of “Hold” and an average target price of $87.42.

American International Group Trading Up 0.7%

Shares of NYSE:AIG opened at $74.85 on Friday. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $88.07. The company has a market cap of $40.39 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 0.56 and a beta of 0.62. The stock has a 50 day moving average of $78.90 and a 200 day moving average of $79.13. 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 posted its quarterly earnings results 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 business had revenue of $6.35 billion during 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 period in the prior year, the business posted $1.23 earnings per share. As a group, equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.4%. 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.