Adams Diversified Equity Fund Inc. Has $21.82 Million Stock Holdings in American International Group, Inc. $AIG

Adams Diversified Equity Fund Inc. raised its position in American International Group, Inc. (NYSE:AIG) by 2.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 255,000 shares of the insurance provider’s stock after purchasing an additional 6,800 shares during the period. Adams Diversified Equity Fund Inc.’s holdings in American International Group were worth $21,815,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlas Capital Advisors Inc. acquired a new position in shares of American International Group in the 4th quarter worth approximately $50,000. Aptus Capital Advisors LLC lifted its position in shares of American International Group by 7.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 11,451 shares of the insurance provider’s stock worth $980,000 after purchasing an additional 831 shares during the period. FORA Capital LLC acquired a new position in shares of American International Group in the 4th quarter worth approximately $3,463,000. Kestra Advisory Services LLC lifted its position in shares of American International Group by 131.2% in the 4th quarter. Kestra Advisory Services LLC now owns 53,714 shares of the insurance provider’s stock worth $4,595,000 after purchasing an additional 30,480 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of American International Group by 38.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,996 shares of the insurance provider’s stock worth $256,000 after purchasing an additional 839 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AIG shares. Cantor Fitzgerald boosted their price target on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Bank of America dropped their price target on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Wells Fargo & Company lowered their price objective on shares of 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. HSBC lifted their price objective on shares of American International Group from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of American International Group from $97.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $87.78.

American International Group Stock Performance

NYSE:AIG opened at $75.60 on Friday. The company has a fifty day moving average of $76.07 and a 200-day moving average of $77.38. The firm has a market capitalization of $40.08 billion, a P/E ratio of 13.33, a P/E/G ratio of 0.69 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $87.29.

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 analysts’ consensus estimates of $1.89 by $0.22. The business had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same quarter in the previous year, the business posted $1.17 EPS. As a group, sell-side analysts anticipate that American International Group, Inc. will post 7.99 EPS for the current year.

American International Group Increases Dividend

The firm 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 dividend of $0.50 per share. This is a boost from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. American International Group’s dividend payout ratio (DPR) is presently 31.75%.

About American International Group

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.