Todd Asset Management LLC Acquires 35,213 Shares of American International Group, Inc. $AIG

Todd Asset Management LLC boosted its holdings in American International Group, Inc. (NYSE:AIG) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 308,961 shares of the insurance provider’s stock after buying an additional 35,213 shares during the period. Todd Asset Management LLC owned approximately 0.06% of American International Group worth $26,432,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new stake in shares of American International Group during the 3rd quarter worth approximately $2,724,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of American International Group by 21.6% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 583,680 shares of the insurance provider’s stock worth $45,842,000 after purchasing an additional 103,762 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of American International Group during the 3rd quarter worth approximately $3,054,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of American International Group during the 3rd quarter worth approximately $2,257,000. Finally, Algebris UK Ltd. acquired a new stake in shares of American International Group during the 3rd quarter worth approximately $15,032,000. 90.60% of the stock is owned by institutional investors.

American International Group Price Performance

American International Group stock opened at $77.03 on Monday. The business’s fifty day moving average is $76.18 and its two-hundred day moving average is $77.63. 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 firm has a market cap of $40.84 billion, a P/E ratio of 13.59, a P/E/G ratio of 0.71 and a beta of 0.53. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.46.

American International Group (NYSE:AIG) last announced its 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 return on equity of 10.93% and a net margin of 11.86%.The company had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period last year, the company posted $1.17 earnings per share. Equities research analysts forecast that American International Group, Inc. will post 7.97 earnings per share for the current fiscal year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a $0.50 dividend. This is a positive change from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. American International Group’s dividend payout ratio (DPR) is presently 31.75%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AIG. UBS Group lifted their price objective on American International Group from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Mizuho boosted their price target on American International Group from $84.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. 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 research note on Monday, May 4th. JPMorgan Chase & Co. decreased their price target on 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. Finally, Barclays boosted their price target on American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $88.06.

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.