American International Group, Inc. $AIG Stock Holdings Increased by Allstate Corp

Allstate Corp boosted its position in American International Group, Inc. (NYSE:AIG) by 100.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,149 shares of the insurance provider’s stock after buying an additional 21,641 shares during the quarter. Allstate Corp’s holdings in American International Group were worth $3,691,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in American International Group by 2.6% in the second quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after buying an additional 129 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in American International Group by 2.9% in the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock valued at $396,000 after buying an additional 130 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in American International Group by 17.7% in the third quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock valued at $68,000 after buying an additional 131 shares during the last quarter. Howard Capital Management Inc. increased its holdings in American International Group by 3.0% in the third quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider’s stock valued at $370,000 after buying an additional 138 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in American International Group by 12.6% in the fourth quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock valued at $107,000 after buying an additional 140 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Stock Performance

Shares of NYSE AIG opened at $75.23 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $76.17 and a 200-day simple moving average of $77.61. The company has a market cap of $39.89 billion, a PE ratio of 13.27, a P/E/G ratio of 0.71 and a beta of 0.53. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $87.46.

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, topping the consensus estimate of $1.89 by $0.22. The business had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same period in the previous year, the firm posted $1.17 earnings per share. On average, equities research analysts forecast that American International Group, Inc. will post 7.97 EPS for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders 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. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, June 15th. American International Group’s payout ratio is presently 31.75%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. The Goldman Sachs Group boosted their price objective on American International Group from $87.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Cantor Fitzgerald boosted their price objective on American International Group from $81.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Mizuho upped their target price on American International Group from $84.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Morgan Stanley lowered their target price on American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Finally, Barclays upped their target price on American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $88.06.

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.