Pacer Advisors Inc. Grows Stock Position in American International Group, Inc. $AIG

Pacer Advisors Inc. increased its stake in American International Group, Inc. (NYSE:AIG) by 49.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,480 shares of the insurance provider’s stock after buying an additional 21,874 shares during the quarter. Pacer Advisors Inc.’s holdings in American International Group were worth $5,687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Modus Advisors LLC purchased a new stake in shares of American International Group in the fourth quarter valued at $27,000. Navalign LLC purchased a new position in shares of American International Group during the 4th quarter worth about $29,000. Mcguire Capital Advisors Inc. purchased a new position in shares of American International Group during the 4th quarter worth about $29,000. Aventura Private Wealth LLC bought a new position in American International Group during the 4th quarter valued at about $39,000. Finally, Jessup Wealth Management Inc bought a new position in American International Group during the 4th quarter valued at about $40,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AIG. BMO Capital Markets raised their price objective on shares of American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. HSBC upped their target price 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. Citigroup raised their price target on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Keefe, Bruyette & Woods boosted their price objective on American International Group from $97.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Bank of America cut their price objective on 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, American International Group presently has an average rating of “Hold” and a consensus target price of $87.78.

American International Group Stock Performance

Shares of NYSE:AIG opened at $76.30 on Tuesday. The firm has a market cap of $40.46 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.68 and a beta of 0.52. The firm’s 50 day simple moving average is $75.88 and its 200-day simple moving average is $77.35. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last announced its quarterly earnings results 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. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The firm had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. As a group, equities analysts predict that American International Group, Inc. will post 7.99 EPS for the current year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be given 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 of this dividend 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 is presently 35.27%.

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.