American International Group, Inc. $AIG Shares Bought by Board of the Pension Protection Fund

Board of the Pension Protection Fund grew its holdings in American International Group, Inc. (NYSE:AIG) by 296.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,200 shares of the insurance provider’s stock after acquiring an additional 15,100 shares during the quarter. American International Group accounts for approximately 1.6% of Board of the Pension Protection Fund’s holdings, making the stock its 11th largest holding. Board of the Pension Protection Fund’s holdings in American International Group were worth $1,728,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its position 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 valued at $5,378,635,000 after purchasing an additional 7,117,583 shares during the last quarter. Capital Research Global Investors grew its position in American International Group by 79.6% during the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock worth $2,241,091,000 after purchasing an additional 12,645,616 shares during the last quarter. Wellington Management Group LLP grew its position in American International Group by 7.9% during the 3rd 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 during the last quarter. Franklin Resources Inc. increased its stake in American International Group by 6.1% during the 2nd 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 in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of American International Group by 4.3% in 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 buying an additional 499,330 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Down 0.8%

AIG stock opened at $73.77 on Friday. The company has a market capitalization of $39.58 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 0.57 and a beta of 0.58. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $88.07. The firm’s fifty day simple moving average is $76.39 and its 200-day simple moving average is $78.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.06. The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $1.30 earnings per share. As a group, equities research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. American International Group’s dividend payout ratio (DPR) is presently 33.21%.

Analyst Ratings Changes

Several research firms have recently commented on AIG. Morgan Stanley set a $83.00 price objective on shares of American International Group in a research note on Monday. Evercore cut their target price on American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 29th. Keefe, Bruyette & Woods lifted their price target on American International Group from $96.00 to $97.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, The Goldman Sachs Group upgraded 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. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $88.17.

American International Group Company 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.