Fideuram Asset Management Ireland dac Takes Position in American International Group, Inc. $AIG

Fideuram Asset Management Ireland dac purchased a new stake in American International Group, Inc. (NYSE:AIG) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 6,866 shares of the insurance provider’s stock, valued at approximately $551,000.

Several other large investors have also modified their holdings of AIG. Capital Research Global Investors lifted its stake in shares of American International Group by 79.6% in the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after purchasing an additional 12,645,616 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of American International Group by 11.6% in the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after purchasing an additional 7,117,583 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of American International Group by 7.9% in the 3rd quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock valued at $2,045,657,000 after purchasing an additional 1,899,203 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of American International Group by 22.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock valued at $805,529,000 after purchasing an additional 1,846,979 shares during the last quarter. Finally, Viking Global Investors LP acquired a new position in shares of American International Group in the 2nd quarter valued at $155,413,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Morgan Stanley decreased their price target on American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Barclays increased their target price on American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. 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. HSBC increased their target price on American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $88.06.

American International Group Trading Down 0.2%

NYSE:AIG opened at $74.26 on Friday. The stock’s 50 day moving average price is $76.12 and its 200 day moving average price is $77.56. The company 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 0.53. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. 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 released its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. The firm had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same quarter last year, the business posted $1.17 EPS. On average, research analysts anticipate that American International Group, Inc. will post 7.97 EPS for the current year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. This is a boost from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio (DPR) 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.