Thompson Siegel & Walmsley LLC Acquires 43,200 Shares of American International Group, Inc. $AIG

Thompson Siegel & Walmsley LLC lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 288.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 58,195 shares of the insurance provider’s stock after acquiring an additional 43,200 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in American International Group were worth $4,979,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AIG. Capital Research Global Investors lifted its holdings in shares of American International Group by 79.6% during the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock worth $2,241,091,000 after acquiring an additional 12,645,616 shares during the period. Norges Bank bought a new position in shares of American International Group during the 4th quarter worth about $636,782,000. Vanguard Group Inc. lifted its holdings in shares of American International Group by 11.6% during the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after acquiring an additional 7,117,583 shares during the period. Wellington Management Group LLP lifted its holdings in shares of American International Group by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after acquiring an additional 1,899,203 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of American International Group by 22.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock worth $805,529,000 after acquiring an additional 1,846,979 shares during the period. 90.60% of the stock is owned by institutional investors.

American International Group Stock Down 1.0%

American International Group stock opened at $73.52 on Tuesday. The company’s 50 day simple moving average is $76.12 and its 200 day simple moving average is $77.55. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.46. The firm has a market capitalization of $38.98 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.68 and a beta of 0.52. 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 (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 the consensus estimate 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 for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter last year, the firm earned $1.17 EPS. As a group, sell-side analysts anticipate that American International Group, Inc. will post 7.97 EPS for the current year.

American International Group Increases Dividend

The business also recently declared 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. 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. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. American International Group’s payout ratio is presently 35.27%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AIG. Barclays lifted their price target on shares of American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. UBS Group lifted their price target on shares of American International Group from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, May 4th. JPMorgan Chase & Co. cut their price target on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Citigroup lifted their price target on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, BMO Capital Markets lifted their price target on shares of American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $88.06.

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.