American International Group, Inc. $AIG Stake Raised by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its holdings in shares of American International Group, Inc. (NYSE:AIG) by 44.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,396 shares of the insurance provider’s stock after buying an additional 22,585 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in American International Group were worth $6,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp raised its holdings in American International Group by 7,100.0% during the third 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. Navalign LLC bought a new stake in American International Group during the fourth quarter worth approximately $29,000. Aventura Private Wealth LLC bought a new stake in American International Group during the fourth quarter worth approximately $39,000. JPL Wealth Management LLC bought a new stake in American International Group during the third quarter worth approximately $39,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in American International Group during the fourth quarter worth approximately $52,000. Institutional investors own 90.60% of the company’s stock.

American International Group Trading Up 0.5%

American International Group stock opened at $73.84 on Wednesday. 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 $39.15 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 0.67 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 firm’s 50 day moving average price is $76.12 and its two-hundred day moving average price is $77.55.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.22. The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $1.17 earnings per share. On average, research analysts predict that American International Group, Inc. will post 7.97 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a 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 is presently 31.75%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley dropped their target price on American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. UBS Group boosted their target price on American International Group from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, May 4th. HSBC lifted their price target on shares of American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. BMO Capital Markets lifted their price target on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Finally, Wells Fargo & Company decreased their price target on shares of American International Group from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $88.06.

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.