Birch Financial Group LLC Purchases New Position in American International Group, Inc. $AIG

Birch Financial Group LLC purchased a new stake in shares of American International Group, Inc. (NYSE:AIG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,944 shares of the insurance provider’s stock, valued at approximately $594,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew 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 worth $5,378,635,000 after buying an additional 7,117,583 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of American International Group by 79.6% during 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 acquiring an additional 12,645,616 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of 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 valued at $2,045,657,000 after acquiring 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% 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 acquiring an additional 499,330 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in American International Group by 22.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock worth $805,529,000 after acquiring an additional 1,846,979 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of American International Group in a research report on Monday, December 29th. Wells Fargo & Company raised their target price on shares of American International Group from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. The Goldman Sachs Group raised shares of American International Group from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Thursday, March 5th. UBS Group reduced their price target on shares of American International Group from $94.00 to $92.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Finally, TD Cowen raised their price objective on shares of American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.17.

American International Group Price Performance

AIG opened at $74.06 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The company has a market cap of $39.74 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 0.56 and a beta of 0.58. The stock has a fifty day simple moving average of $76.51 and a two-hundred day simple moving average of $78.29. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $88.07.

American International Group (NYSE:AIG) last announced its earnings results 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 firm had revenue of $6.55 billion for 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 in the previous year, the business posted $1.30 EPS. Research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, March 16th. American International Group’s dividend payout ratio (DPR) is 33.21%.

American International Group 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.