61,000 Shares in American International Group, Inc. $AIG Acquired by Compass Rose Asset Management LP

Compass Rose Asset Management LP bought a new position in shares of American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 61,000 shares of the insurance provider’s stock, valued at approximately $5,219,000. American International Group comprises about 0.4% of Compass Rose Asset Management LP’s portfolio, making the stock its 18th biggest holding.

Other institutional investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp increased its holdings in shares of American International Group by 7,100.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 355 shares during the last quarter. Navalign LLC bought a new stake in American International Group in the 4th quarter valued at $29,000. Aventura Private Wealth LLC bought a new stake in American International Group in the 4th quarter valued at $39,000. JPL Wealth Management LLC bought a new stake in American International Group in the 3rd quarter valued at $39,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in American International Group in the 4th quarter valued at $52,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

NYSE:AIG opened at $73.37 on Friday. The stock has a fifty day moving average price of $76.04 and a 200-day moving average price of $77.45. The company has a market cap of $38.90 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 0.66 and a beta of 0.52. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.46.

American International Group (NYSE:AIG) last released its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The firm had revenue of $6.65 billion during the quarter, compared to the consensus estimate 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 company posted $1.17 EPS. As a group, equities analysts anticipate that American International Group, Inc. will post 7.99 EPS for the current fiscal year.

American International Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AIG shares. UBS Group boosted their price target on American International Group from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. reduced their price target on American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Piper Sandler reduced their price target on American International Group from $95.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Wells Fargo & Company reduced their price target on American International Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Finally, Cantor Fitzgerald boosted their price target on American International Group from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. One investment 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $88.06.

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.