Cibc World Market Inc. Has $8.78 Million Stake in American International Group, Inc. $AIG

Cibc World Market Inc. increased its position in American International Group, Inc. (NYSE:AIG) by 10.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,648 shares of the insurance provider’s stock after buying an additional 9,875 shares during the quarter. Cibc World Market Inc.’s holdings in American International Group were worth $8,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AIG. Brighton Jones LLC acquired a new position in shares of American International Group in the fourth quarter valued at approximately $1,091,000. Sivia Capital Partners LLC increased its stake in shares of American International Group by 30.7% in the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after buying an additional 1,185 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of American International Group in the second quarter valued at approximately $217,000. Ieq Capital LLC increased its stake in shares of American International Group by 11.5% in the second quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock valued at $20,958,000 after buying an additional 25,311 shares during the period. Finally, HUB Investment Partners LLC acquired a new position in shares of American International Group in the second quarter valued at approximately $269,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective 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. HSBC upped their price objective on American International Group from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. BMO Capital Markets upped their price objective on American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Mizuho upped their price objective on American International Group from $84.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, The Goldman Sachs Group upped their target price on American International Group from $87.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, American International Group currently has a consensus rating of “Hold” and a consensus target price of $88.06.

American International Group Stock Performance

Shares of AIG stock opened at $75.51 on Friday. The business’s 50 day simple moving average is $76.04 and its 200 day simple moving average is $77.44. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.46. The stock has a market capitalization of $40.03 billion, a PE ratio of 13.32, a PEG ratio of 0.69 and a beta of 0.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65.

American International Group (NYSE:AIG) last announced its earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The business had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same period in the prior year, the business posted $1.17 earnings per share. As a group, research analysts forecast that American International Group, Inc. will post 7.99 earnings per share for the current year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a $0.50 dividend. The ex-dividend date is Monday, June 15th. This is a boost from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.6%. American International Group’s dividend payout ratio (DPR) 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.