Capital International Sarl Takes Position in American International Group, Inc. $AIG

Capital International Sarl bought a new stake in American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 20,194 shares of the insurance provider’s stock, valued at approximately $1,728,000.

Other institutional investors have also modified their holdings of the company. Modus Advisors LLC acquired a new stake in American International Group during the fourth quarter worth about $27,000. Atlantic Union Bankshares Corp raised its stake in American International Group by 7,100.0% during the third 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 period. Navalign LLC acquired a new stake in American International Group during the fourth quarter worth about $29,000. Aventura Private Wealth LLC acquired a new stake in American International Group during the fourth quarter worth about $39,000. Finally, JPL Wealth Management LLC acquired a new stake in American International Group during the third quarter worth about $39,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Ratings Changes

AIG has been the topic of several research reports. Morgan Stanley dropped their price objective on shares of 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. Bank of America dropped their price objective on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. UBS Group increased their price objective on shares of American International Group from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Piper Sandler dropped their price objective on shares of American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, American International Group currently has an average rating of “Hold” and a consensus target price of $88.06.

American International Group Price Performance

Shares of NYSE:AIG opened at $75.51 on Monday. The firm’s 50 day moving average is $76.04 and its two-hundred day moving average is $77.44. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.46. The firm has a market capitalization of $40.03 billion, a P/E ratio of 13.32, a PEG ratio of 0.69 and a beta of 0.52. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last announced its quarterly 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 net margin of 11.86% and a return on equity of 10.93%. The company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter last year, the business earned $1.17 earnings per share. Analysts anticipate that American International Group, Inc. will post 7.99 earnings per share for the current year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be paid a $0.50 dividend. The ex-dividend date is Monday, June 15th. This is an increase from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. American International Group’s dividend payout ratio (DPR) is 31.75%.

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.