DGS Capital Management LLC Invests $750,000 in American International Group, Inc. $AIG

DGS Capital Management LLC bought a new position in shares of American International Group, Inc. (NYSE:AIG) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,969 shares of the insurance provider’s stock, valued at approximately $750,000.

A number of other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC bought a new position in American International Group during the fourth quarter worth $1,091,000. Sivia Capital Partners LLC increased its holdings in shares of American International Group by 30.7% in the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after purchasing an additional 1,185 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of American International Group in the second quarter valued at about $217,000. Ieq Capital LLC raised its position in shares of American International Group by 11.5% in the second quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock valued at $20,958,000 after purchasing an additional 25,311 shares during the period. Finally, HUB Investment Partners LLC acquired a new stake in shares of American International Group during the 2nd quarter worth about $269,000. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AIG. JPMorgan Chase & Co. decreased their price target on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. BMO Capital Markets raised their price objective on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Bank of America reduced their price objective on American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Weiss Ratings raised American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Citigroup increased their target price on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.61.

American International Group Trading Up 1.7%

Shares of AIG stock opened at $80.75 on Tuesday. 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 market cap of $42.81 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 0.73 and a beta of 0.53. The stock has a 50 day simple moving average of $75.69 and a 200 day simple moving average of $77.13. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The business had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. On average, research analysts predict that American International Group, Inc. will post 7.98 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were issued a dividend of $0.50 per share. This is an increase from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. American International Group’s payout ratio is currently 35.27%.

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.