Brown Advisory Inc. Has $122.38 Million Stake in American International Group, Inc. $AIG

Brown Advisory Inc. trimmed its stake in shares of American International Group, Inc. (NYSE:AIG) by 11.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,430,478 shares of the insurance provider’s stock after selling 192,378 shares during the period. Brown Advisory Inc. owned about 0.27% of American International Group worth $122,377,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AIG. Modus Advisors LLC bought a new position in American International Group in the fourth quarter valued at $27,000. Navalign LLC bought a new stake in shares of American International Group in the 4th quarter valued at about $29,000. Aventura Private Wealth LLC bought a new stake in shares of American International Group during the 4th quarter worth about $39,000. JPL Wealth Management LLC bought a new stake in shares of American International Group during the 3rd quarter worth about $39,000. Finally, Jessup Wealth Management Inc bought a new stake in American International Group in the 4th quarter valued at $40,000. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.4%

Shares of NYSE AIG opened at $75.60 on Friday. The stock 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 50-day moving average price of $76.07 and a 200-day moving average price of $77.38. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29. 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 issued its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) 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 analysts’ expectations 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 period last year, the company earned $1.17 earnings per share. On average, equities research analysts forecast that American International Group, Inc. will post 7.99 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently declared 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 of this dividend is Monday, June 15th. This is an increase from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. American International Group’s payout ratio is 31.75%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Wells Fargo & Company dropped their target price on shares of American International Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Cantor Fitzgerald upped their price objective 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. UBS Group upped 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 report on Monday, May 4th. Finally, Morgan Stanley cut their price target on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.78.

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.