Jefferies Financial Group Inc. Makes New Investment in American International Group, Inc. $AIG

Jefferies Financial Group Inc. purchased a new position in American International Group, Inc. (NYSE:AIG) in the fourth quarter, Holdings Channel.com reports. The firm purchased 16,983 shares of the insurance provider’s stock, valued at approximately $1,453,000.

A number of other institutional investors have also bought and sold shares of AIG. LSV Asset Management grew its holdings in American International Group by 2.3% during the 4th quarter. LSV Asset Management now owns 3,990,872 shares of the insurance provider’s stock valued at $341,419,000 after buying an additional 88,353 shares in the last quarter. Axxcess Wealth Management LLC raised its position in shares of American International Group by 108.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 23,086 shares of the insurance provider’s stock valued at $1,975,000 after buying an additional 11,986 shares during the last quarter. Mraz Amerine & Associates Inc. raised its position in shares of American International Group by 10.5% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 19,701 shares of the insurance provider’s stock valued at $1,685,000 after buying an additional 1,878 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of American International Group by 46.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,239 shares of the insurance provider’s stock valued at $363,000 after buying an additional 1,343 shares during the last quarter. Finally, Alan B Lancz & Associates Inc. raised its position in shares of American International Group by 39.8% during the fourth quarter. Alan B Lancz & Associates Inc. now owns 4,565 shares of the insurance provider’s stock valued at $391,000 after buying an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

AIG has been the topic of several recent analyst reports. Bank of America reduced their price objective on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. BMO Capital Markets boosted their price target on shares of American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Barclays boosted their price target on shares of 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. Keefe, Bruyette & Woods boosted their price target on shares of American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Piper Sandler decreased their price target on shares of American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. One equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $88.06.

American International Group Stock Performance

NYSE:AIG opened at $75.23 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.46. The stock’s 50 day simple moving average is $76.17 and its two-hundred day simple moving average is $77.61. The company has a market cap of $39.89 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.71 and a beta of 0.53.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 EPS 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 business had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same period last year, the company posted $1.17 EPS. As a group, equities analysts anticipate that American International Group, Inc. will post 7.97 earnings per share for the current fiscal year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. This is an increase from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio is 31.75%.

About American International Group

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.