American International Group, Inc. $AIG Shares Purchased by Foster & Motley Inc.

Foster & Motley Inc. increased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 19.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,989 shares of the insurance provider’s stock after buying an additional 7,435 shares during the quarter. Foster & Motley Inc.’s holdings in American International Group were worth $3,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AIG. Capital Research Global Investors grew its stake in American International Group by 79.6% during the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock worth $2,241,091,000 after buying an additional 12,645,616 shares during the period. Norges Bank acquired a new position in shares of American International Group during the 4th quarter valued at $636,782,000. Price T Rowe Associates Inc. MD increased its holdings in American International Group by 39.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock valued at $1,400,613,000 after purchasing an additional 4,661,246 shares in the last quarter. Franklin Resources Inc. raised its position in American International Group by 36.9% in the fourth quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock valued at $1,336,147,000 after purchasing an additional 4,210,363 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of American International Group by 7.9% in the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after buying an additional 1,899,203 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of NYSE AIG opened at $75.47 on Friday. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $87.29. The stock has a market capitalization of $40.01 billion, a price-to-earnings ratio of 13.31, a PEG 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. The stock’s fifty day simple moving average is $75.77 and its 200 day simple moving average is $77.31.

American International Group (NYSE:AIG) last announced its quarterly earnings data 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 the consensus estimate of $7.03 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. As a group, sell-side analysts forecast that American International Group, Inc. will post 7.98 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, June 15th. This is a boost from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio (DPR) is 35.27%.

Analyst Ratings Changes

AIG has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Wells Fargo & Company reduced their target price on 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. Citigroup lifted their price target on shares of American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings downgraded shares of American International Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 16th. Finally, UBS Group boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, American International Group currently has a consensus rating of “Hold” and a consensus price target 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.