American International Group, Inc. $AIG Shares Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 36.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 611,195 shares of the insurance provider’s stock after purchasing an additional 162,707 shares during the period. Brandywine Global Investment Management LLC’s holdings in American International Group were worth $52,288,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in American International Group by 11.6% in the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after buying an additional 7,117,583 shares in the last quarter. Capital Research Global Investors lifted its stake in American International Group by 79.6% in the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after buying an additional 12,645,616 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of American International Group by 7.9% during the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock valued at $2,045,657,000 after acquiring an additional 1,899,203 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in American International Group by 4.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider’s stock valued at $951,230,000 after purchasing an additional 499,330 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in American International Group by 22.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock valued at $805,529,000 after purchasing an additional 1,846,979 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on AIG. Keefe, Bruyette & Woods lifted their price target on shares of American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Wells Fargo & Company decreased their target price on shares of American International Group from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. UBS Group lifted 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 note on Monday, May 4th. Cantor Fitzgerald boosted their price target on American International Group from $81.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Piper Sandler reduced their price target on American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.06.

American International Group Price Performance

AIG opened at $75.51 on Monday. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.46. The company’s 50 day simple moving average is $76.04 and its 200 day simple moving average is $77.44. The stock has a market capitalization of $40.03 billion, a PE ratio of 13.32, a P/E/G ratio of 0.69 and a beta of 0.52. 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 posted its quarterly earnings results 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 the consensus estimate of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same quarter last year, the firm posted $1.17 earnings per share. As a group, sell-side analysts expect 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. Investors of record on Monday, June 15th will be given a $0.50 dividend. 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. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. American International Group’s dividend payout ratio is 31.75%.

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.