Eurizon Capital SGR S.p.A. Purchases New Stake in American International Group, Inc. $AIG

Eurizon Capital SGR S.p.A. purchased a new stake in American International Group, Inc. (NYSE:AIG) during the fourth quarter, HoldingsChannel reports. The firm purchased 159,467 shares of the insurance provider’s stock, valued at approximately $13,645,000.

A number of other large investors have also added to or reduced their stakes in AIG. Brighton Jones LLC bought a new stake in American International Group in the 4th quarter valued at $1,091,000. Sivia Capital Partners LLC raised its stake in American International Group by 30.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after acquiring an additional 1,185 shares during the period. Flow Traders U.S. LLC bought a new stake in American International Group in the 2nd quarter valued at $217,000. Ieq Capital LLC raised its stake in American International Group by 11.5% in the 2nd quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock valued at $20,958,000 after acquiring an additional 25,311 shares during the period. Finally, HUB Investment Partners LLC bought a new stake in American International Group in the 2nd quarter valued at $269,000. Institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AIG shares. Morgan Stanley dropped their price target on American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Barclays upped their price objective on American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. The Goldman Sachs Group upped their price objective on American International Group from $87.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Citigroup upped their price objective on American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Bank of America decreased their price objective on American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $88.06.

American International Group Stock Performance

AIG opened at $74.26 on Monday. The firm has a market cap of $39.37 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 0.68 and a beta of 0.52. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $87.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The business’s fifty day moving average is $76.12 and its 200-day moving average is $77.57.

American International Group (NYSE:AIG) last released its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.22. The company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same period in the prior year, the firm posted $1.17 EPS. Sell-side analysts expect that American International Group, Inc. will post 7.97 EPS for the current fiscal year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.50 per share. This is an increase from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. American International Group’s payout ratio is currently 31.75%.

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.