American International Group, Inc. $AIG Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its position in American International Group, Inc. (NYSE:AIG) by 33.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 55,212 shares of the insurance provider’s stock after acquiring an additional 13,844 shares during the period. Rockefeller Capital Management L.P.’s holdings in American International Group were worth $4,723,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Modus Advisors LLC acquired a new stake in shares of American International Group during the fourth quarter worth $27,000. Navalign LLC acquired a new position in American International Group in the fourth quarter valued at $29,000. Mcguire Capital Advisors Inc. purchased a new position in American International Group during the fourth quarter worth about $29,000. SHP Wealth Management acquired a new stake in American International Group in the 4th quarter worth about $34,000. Finally, Aventura Private Wealth LLC acquired a new stake in American International Group in the 4th quarter worth about $39,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AIG has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. The Goldman Sachs Group decreased their target price on shares of American International Group from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Keefe, Bruyette & Woods upped their price target on shares of American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. BMO Capital Markets upped their price target on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Finally, UBS Group lifted their price target on shares of American International Group from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $87.78.

American International Group Stock Up 0.8%

AIG opened at $75.47 on Friday. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29. The firm has a 50 day moving average price of $75.77 and a 200 day moving average price of $77.31. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $40.01 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.69 and a beta of 0.52.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share 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 analysts’ expectations of $7.03 billion. During the same period in the previous year, the company posted $1.17 earnings per share. Sell-side analysts expect that American International Group, Inc. will post 7.98 earnings per share for the current year.

American International Group Increases Dividend

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

American International Group 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.