American International Group, Inc. $AIG Shares Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP lifted its holdings in American International Group, Inc. (NYSE:AIG) by 3,609.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,619 shares of the insurance provider’s stock after purchasing an additional 257,485 shares during the period. Hudson Bay Capital Management LP’s holdings in American International Group were worth $20,783,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of AIG. Geneos Wealth Management Inc. grew its holdings in American International Group by 2.6% in the second quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after purchasing an additional 129 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of American International Group by 2.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after buying an additional 130 shares during the period. First Bank & Trust raised its stake in shares of American International Group by 2.2% during the 3rd quarter. First Bank & Trust now owns 6,053 shares of the insurance provider’s stock worth $475,000 after buying an additional 131 shares during the period. JFS Wealth Advisors LLC lifted its position in shares of American International Group by 17.7% during the 3rd quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock valued at $68,000 after buying an additional 131 shares in the last quarter. Finally, Howard Capital Management Inc. grew its stake in American International Group by 3.0% in the 3rd quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider’s stock valued at $370,000 after acquiring an additional 138 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

American International Group stock opened at $74.32 on Thursday. The company has a fifty day simple moving average of $76.47 and a 200-day simple moving average of $78.62. The firm has a market capitalization of $39.87 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.58 and a beta of 0.58. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $88.07.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.06. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.99 billion. American International Group had a net margin of 11.56% and a return on equity of 9.79%. During the same period last year, the firm posted $1.30 earnings per share. On average, equities analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, March 16th. American International Group’s dividend payout ratio (DPR) is 33.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AIG shares. The Goldman Sachs Group raised shares of American International Group from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a report on Thursday, March 5th. Morgan Stanley set a $83.00 target price on shares of American International Group in a research report on Monday. Jefferies Financial Group boosted their target price on shares of American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research report on Monday, December 29th. Finally, Bank of America decreased their price target on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $88.17.

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.