10,026 Shares in American International Group, Inc. $AIG Purchased by Vise Technologies Inc.

Key Points

• Vise Technologies acquired a new stake of 10,026 shares in American International Group (AIG) during Q2, valued at about $858,000.
• Several large institutions dramatically increased positions—most notably GQG Partners now holds 18.9 million shares after adding ~18.85 million—and overall institutional/hedge-fund ownership stands at 90.6%.
• AIG beat Q3 EPS estimates ($2.20 vs. $1.57) but missed revenue expectations, announced a quarterly dividend of $0.45 (annualized $1.80, ~2.3% yield), and carries a consensus rating of Moderate Buy with a $90 price target.

Vise Technologies Inc. acquired a new stake in American International Group, Inc. (NYSE:AIG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,026 shares of the insurance provider's stock, valued at approximately $858,000.

Other hedge funds also recently made changes to their positions in the company. GQG Partners LLC increased its holdings in shares of American International Group by 33,315.0% during the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider's stock worth $1,643,995,000 after acquiring an additional 18,852,949 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in American International Group by 22.8% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider's stock worth $792,340,000 after purchasing an additional 1,694,290 shares during the period. Nuveen LLC acquired a new position in shares of American International Group in the first quarter valued at $440,273,000. AQR Capital Management LLC increased its holdings in shares of American International Group by 184.4% in the first quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider's stock valued at $287,214,000 after purchasing an additional 2,162,545 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of American International Group by 151.6% in the first quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider's stock valued at $285,682,000 after purchasing an additional 1,980,001 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on AIG. Jefferies Financial Group reduced their target price on shares of American International Group from $99.00 to $96.00 in a report on Friday, November 7th. Weiss Ratings restated a "buy (b)" rating on shares of American International Group in a research note on Wednesday, October 8th. Morgan Stanley decreased their price objective on American International Group from $85.00 to $84.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 7th. Keefe, Bruyette & Woods dropped their target price on American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Finally, UBS Group upped their price target on shares of American International Group from $90.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, American International Group currently has an average rating of "Moderate Buy" and a consensus price target of $90.00.

American International Group Stock Up 0.4%

NYSE AIG opened at $78.28 on Friday. The business has a fifty day moving average price of $78.81 and a two-hundred day moving average price of $81.07. The stock has a market capitalization of $42.24 billion, a PE ratio of 14.83, a PEG ratio of 0.77 and a beta of 0.73. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.63. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The company had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.82 billion. During the same quarter in the previous year, the firm earned $1.23 EPS. Equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group's dividend payout ratio is 32.73%.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.

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