Fideuram Asset Management Ireland dac Takes Position in American International Group, Inc. $AIG

Fideuram Asset Management Ireland dac acquired a new stake in American International Group, Inc. (NYSE:AIG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,866 shares of the insurance provider’s stock, valued at approximately $551,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Navalign LLC purchased a new stake in shares of American International Group in the fourth quarter valued at approximately $29,000. Atlantic Union Bankshares Corp increased its position in shares of American International Group by 7,100.0% during the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 355 shares in the last quarter. Aventura Private Wealth LLC purchased a new stake in shares of American International Group during the fourth quarter worth approximately $39,000. JPL Wealth Management LLC purchased a new stake in shares of American International Group during the third quarter worth approximately $39,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of American International Group during the fourth quarter worth approximately $52,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AIG. Barclays boosted their price target on American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. BMO Capital Markets boosted their price target on American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Mizuho boosted their price target on American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Cantor Fitzgerald boosted their price target on American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Citigroup boosted their price target on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $88.06.

American International Group Stock Performance

NYSE AIG opened at $74.26 on Friday. The stock’s fifty day moving average is $76.12 and its two-hundred day moving average is $77.56. The firm has a market capitalization of $39.37 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 0.68 and a beta of 0.53. 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, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.46.

American International Group (NYSE:AIG) last released its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. The company had revenue of $6.65 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $1.17 earnings per share. On average, research analysts anticipate that American International Group, Inc. will post 7.97 earnings per share for the current year.

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. This is an increase from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, June 15th. American International Group’s dividend payout ratio is presently 31.75%.

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.