Leonteq Securities AG Acquires 9,273 Shares of American International Group, Inc. $AIG

Leonteq Securities AG lifted its holdings in American International Group, Inc. (NYSE:AIG) by 196.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,000 shares of the insurance provider’s stock after buying an additional 9,273 shares during the quarter. Leonteq Securities AG’s holdings in American International Group were worth $1,054,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AIG. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in American International Group by 78.6% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 170,487 shares of the insurance provider’s stock valued at $12,829,000 after acquiring an additional 75,050 shares during the last quarter. Livet Wealth LLC lifted its position in shares of American International Group by 6.7% during the first quarter. Livet Wealth LLC now owns 2,796 shares of the insurance provider’s stock worth $210,000 after purchasing an additional 175 shares during the last quarter. Keybank National Association OH lifted its position in shares of American International Group by 26.7% during the first quarter. Keybank National Association OH now owns 11,459 shares of the insurance provider’s stock worth $862,000 after purchasing an additional 2,415 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of American International Group by 2.1% during the first quarter. Pzena Investment Management LLC now owns 449,749 shares of the insurance provider’s stock valued at $33,844,000 after purchasing an additional 9,418 shares during the period. Finally, Root Financial Partners LLC boosted its stake in shares of American International Group by 33.5% during the first quarter. Root Financial Partners LLC now owns 1,097 shares of the insurance provider’s stock valued at $83,000 after purchasing an additional 275 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group raised their price target on shares of American International Group from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Barclays boosted 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 research report on Friday, May 1st. Bank of America dropped their target price on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings raised shares of American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Morgan Stanley decreased their price target on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, American International Group presently has an average rating of “Hold” and a consensus target price of $87.94.

American International Group Stock Performance

Shares of American International Group stock opened at $79.33 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $75.69 and its 200-day moving average price is $77.19. The firm has a market cap of $42.06 billion, a P/E ratio of 13.99, a P/E/G ratio of 0.73 and a beta of 0.53. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29.

American International Group (NYSE:AIG) last released its quarterly earnings data 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. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The company had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. On average, equities research analysts expect that American International Group, Inc. will post 7.98 earnings per share for the current fiscal year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio is currently 35.27%.

American International Group Company 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.