8,111 Shares in American International Group, Inc. $AIG Acquired by West Family Investments Inc.

West Family Investments Inc. acquired a new stake in shares of American International Group, Inc. (NYSE:AIG) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,111 shares of the insurance provider’s stock, valued at approximately $605,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in American International Group in the 4th quarter worth approximately $636,782,000. Swiss National Bank boosted its position in shares of American International Group by 4.3% during the first quarter. Swiss National Bank now owns 1,583,564 shares of the insurance provider’s stock valued at $119,163,000 after buying an additional 65,400 shares during the last quarter. Lee Danner & Bass Inc. increased its holdings in American International Group by 194.2% in the 1st quarter. Lee Danner & Bass Inc. now owns 33,781 shares of the insurance provider’s stock worth $2,542,000 after buying an additional 22,300 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in American International Group during the 4th quarter valued at about $13,645,000. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of American International Group by 288.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 58,195 shares of the insurance provider’s stock valued at $4,979,000 after acquiring an additional 43,200 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AIG shares. Weiss Ratings raised shares of American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. HSBC dropped their target price on American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Wells Fargo & Company lowered their price objective on shares of American International Group from $89.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Monday, August 10th. The Goldman Sachs Group boosted their target price on shares of American International Group from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Finally, Cantor Fitzgerald decreased their price target on shares of American International Group from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Eight research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, American International Group currently has an average rating of “Hold” and a consensus price target of $88.37.

American International Group Stock Down 2.0%

NYSE AIG opened at $74.71 on Wednesday. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.29. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $39.07 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 0.85 and a beta of 0.50. The stock’s 50-day moving average price is $77.98 and its 200-day moving average price is $76.92.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Friday, August 7th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. American International Group had a return on equity of 11.05% and a net margin of 11.13%.The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same period in the previous year, the company posted $1.81 EPS. On average, equities research analysts predict that American International Group, Inc. will post 8.02 earnings per share for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.7%. American International Group’s dividend payout ratio is 36.56%.

Insider Activity

In other news, insider Peter Zaffino sold 36,829 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the sale, the insider directly owned 556,004 shares in the company, valued at $42,334,144.56. This trade represents a 6.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

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.