ExodusPoint Capital Management LP Buys 45,298 Shares of American International Group, Inc. $AIG

ExodusPoint Capital Management LP increased its stake in American International Group, Inc. (NYSE:AIG) by 26.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,187 shares of the insurance provider’s stock after buying an additional 45,298 shares during the period. ExodusPoint Capital Management LP’s holdings in American International Group were worth $18,409,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Modus Advisors LLC bought a new position in American International Group in the fourth quarter worth about $27,000. Navalign LLC bought a new position in American International Group in the fourth quarter worth about $29,000. Aventura Private Wealth LLC bought a new position in American International Group in the fourth quarter worth about $39,000. JPL Wealth Management LLC bought a new position in American International Group in the third quarter worth about $39,000. Finally, Jessup Wealth Management Inc bought a new position in American International Group in the fourth quarter worth about $40,000. 90.60% of the stock is owned by institutional investors.

American International Group Trading Up 0.3%

NYSE:AIG opened at $75.13 on Wednesday. The company’s 50 day moving average price is $76.05 and its 200-day moving average price is $77.39. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.29. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock has a market cap of $39.84 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.69 and a beta of 0.52.

American International Group (NYSE:AIG) last posted 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. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The firm had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. On average, equities research analysts forecast that American International Group, Inc. will post 7.99 earnings per share 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. Stockholders of record on Monday, June 15th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, June 15th. This is a positive change 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 2.7%. American International Group’s dividend payout ratio is currently 35.27%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. HSBC increased their price target on shares of American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Bank of America decreased their price target on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. The Goldman Sachs Group decreased their target price on shares of American International Group from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, June 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, American International Group currently has a consensus rating of “Hold” and an average target price of $87.78.

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.