MUFG Securities EMEA plc Has $8.31 Million Stock Holdings in American International Group, Inc. $AIG

MUFG Securities EMEA plc trimmed its position in American International Group, Inc. (NYSE:AIG) by 68.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,120 shares of the insurance provider’s stock after selling 213,484 shares during the period. MUFG Securities EMEA plc’s holdings in American International Group were worth $8,309,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Navalign LLC bought a new stake in American International Group during the 4th quarter worth approximately $29,000. Atlantic Union Bankshares Corp increased its stake in American International Group by 7,100.0% during the 3rd 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 bought a new stake in American International Group during the 4th quarter worth approximately $39,000. JPL Wealth Management LLC bought a new stake in American International Group during the 3rd quarter worth approximately $39,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in American International Group during the 4th quarter worth approximately $52,000. 90.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BMO Capital Markets increased their target price on American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Cantor Fitzgerald increased their target price on American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Mizuho increased their target price on American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. 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. Finally, Keefe, Bruyette & Woods raised 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 note on Friday, May 8th. One investment 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $88.06.

American International Group Price Performance

NYSE:AIG opened at $74.26 on Monday. The firm has a fifty day simple moving average of $76.12 and a 200 day simple moving average of $77.57. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.46. The stock has a market capitalization of $39.37 billion, a PE ratio of 13.10, a P/E/G ratio of 0.68 and a beta of 0.52. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter last year, the firm posted $1.17 EPS. On average, research analysts expect that American International Group, Inc. will post 7.97 EPS 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. Shareholders of record on Monday, June 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.00 annualized dividend and a yield of 2.7%. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s payout ratio is 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.