13,316 Shares in American International Group, Inc. $AIG Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab bought a new stake of 13,316 shares (~$1.046M) in American International Group (AIG) in the third quarter, according to its 13F filing.
• Institutional ownership stands at 90.6%, and analysts' consensus is an average rating of "Hold" with an average price target of $87.95 (1 Strong Buy, 8 Buy, 13 Hold).
• AIG reported quarterly EPS of $1.96 (beat by $0.06) but revenue missed at $6.55B, and declared a quarterly dividend of $0.45 (annualized $1.80, ~2.3% yield; ex-dividend March 16).

Dynamic Technology Lab Private Ltd bought a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,316 shares of the insurance provider's stock, valued at approximately $1,046,000.

Several other hedge funds also recently added to or reduced their stakes in AIG. Westfuller Advisors LLC purchased a new position in shares of American International Group during the 3rd quarter valued at about $26,000. Atlantic Union Bankshares Corp boosted its stake in shares of American International Group by 7,100.0% in the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider's stock worth $28,000 after buying an additional 355 shares during the last quarter. Eastern Bank boosted its stake in shares of American International Group by 2,473.3% in the third quarter. Eastern Bank now owns 386 shares of the insurance provider's stock worth $30,000 after buying an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in American International Group during the second quarter worth about $32,000. Finally, Motco grew its holdings in American International Group by 950.0% during the third quarter. Motco now owns 420 shares of the insurance provider's stock worth $33,000 after acquiring an additional 380 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AIG. Mizuho boosted their price target on American International Group from $83.00 to $86.00 and gave the company a "neutral" rating in a report on Tuesday, February 17th. Keefe, Bruyette & Woods raised their price objective on shares of American International Group from $96.00 to $97.00 and gave the stock an "outperform" rating in a research note on Thursday, February 12th. TD Cowen lifted their target price on shares of American International Group from $86.00 to $90.00 and gave the company a "hold" rating in a report on Tuesday, December 16th. HSBC boosted their target price on shares of American International Group from $86.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada began coverage on shares of American International Group in a research report on Tuesday, November 25th. They set a "sector perform" rating and a $85.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $87.95.

American International Group Stock Down 1.7%

Shares of AIG opened at $78.72 on Monday. The firm has a market cap of $42.24 billion, a P/E ratio of 14.52, a PEG ratio of 0.61 and a beta of 0.58. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $88.07. The stock's 50 day moving average is $77.54 and its two-hundred day moving average is $78.90. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the prior year, the company posted $1.30 EPS. Analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group's dividend payout ratio is currently 33.21%.

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.

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