111 Capital Grows Stock Holdings in American International Group, Inc. $AIG

Key Points

• 111 Capital increased its shareholding in American International Group, Inc. by 221.3% during the second quarter, making their total holdings worth approximately $859,000.
• A number of hedge funds have also recently added positions in AIG, resulting in institutional investors owning 90.60% of the company's stock.
• Analysts have upgraded AIG's rating recently, with many categorizing it as a moderate buy and increasing the average target price to $88.31.

111 Capital boosted its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 221.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,040 shares of the insurance provider's stock after acquiring an additional 6,915 shares during the period. 111 Capital's holdings in American International Group were worth $859,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AIG. Brighton Jones LLC acquired a new position in American International Group during the fourth quarter worth about $1,091,000. NBC Securities Inc. acquired a new position in American International Group during the first quarter worth about $47,000. RFG Advisory LLC acquired a new position in American International Group during the first quarter worth about $217,000. Impact Capital Partners LLC acquired a new position in American International Group during the first quarter worth about $216,000. Finally, First Affirmative Financial Network acquired a new position in American International Group during the first quarter worth about $201,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AIG shares. Cfra Research upgraded shares of American International Group to a "moderate buy" rating in a research report on Monday, August 11th. Wall Street Zen upgraded shares of American International Group from a "hold" rating to a "buy" rating in a research report on Friday. William Blair raised shares of American International Group to a "strong-buy" rating in a research note on Friday, August 1st. Wolfe Research began coverage on shares of American International Group in a research note on Tuesday, September 16th. They issued a "peer perform" rating for the company. Finally, Evercore ISI lifted their target price on shares of American International Group from $89.00 to $90.00 and gave the stock an "in-line" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $88.31.

American International Group Stock Performance

Shares of AIG stock opened at $81.05 on Friday. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50 day moving average price of $79.30 and a 200 day moving average price of $81.69. The firm has a market capitalization of $44.90 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 0.86 and a beta of 0.68.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter in the prior year, the business posted $1.16 earnings per share. Sell-side analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 annualized dividend and a yield of 2.2%. American International Group's dividend payout ratio is 34.09%.

American International Group Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.