Capital International Sarl Purchases Shares of 20,194 American International Group, Inc. $AIG

Capital International Sarl purchased a new stake in American International Group, Inc. (NYSE:AIG) during the 4th quarter, Holdings Channel reports. The firm purchased 20,194 shares of the insurance provider’s stock, valued at approximately $1,728,000.

Several other institutional investors and hedge funds have also made changes to their positions in AIG. Modus Advisors LLC bought a new position in shares of American International Group in the fourth quarter valued at approximately $27,000. Atlantic Union Bankshares Corp boosted its holdings in shares of American International Group by 7,100.0% in the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 355 shares in the last quarter. Navalign LLC bought a new position in shares of American International Group in the fourth quarter valued at approximately $29,000. Aventura Private Wealth LLC bought a new position in shares of American International Group in the fourth quarter valued at approximately $39,000. Finally, JPL Wealth Management LLC bought a new position in shares of American International Group in the third quarter valued at approximately $39,000. 90.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AIG shares. The Goldman Sachs Group increased their price objective on shares of American International Group from $87.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Barclays increased their price objective on shares of American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Cantor Fitzgerald increased their price objective on shares of American International Group from $81.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, May 4th. HSBC increased their price objective on shares of American International Group from $89.00 to $94.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Bank of America decreased their price objective on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. One investment 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 stock. Based on data from MarketBeat, American International Group currently has a consensus rating of “Hold” and a consensus price target of $88.06.

American International Group Trading Up 0.0%

Shares of NYSE:AIG opened at $75.51 on Monday. The stock has a market capitalization of $40.03 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 0.69 and a beta of 0.52. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.46. 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 50 day moving average price of $76.04 and a 200 day moving average price of $77.44.

American International Group (NYSE:AIG) last issued its 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 firm had revenue of $6.65 billion during the quarter, compared to analysts’ expectations 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 period last year, the firm posted $1.17 earnings per share. On average, research analysts anticipate that American International Group, Inc. will post 7.99 EPS for the current fiscal 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. The ex-dividend date is Monday, June 15th. 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 yield of 2.6%. American International Group’s payout ratio is 31.75%.

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.