Signal Advisors Wealth LLC Invests $1.38 Million in American International Group, Inc. $AIG

Key Points

• Signal Advisors Wealth LLC acquired a new position in American International Group, Inc. (NYSE:AIG) with 16,156 shares valued at approximately $1,383,000 in the 2nd quarter.
• Several institutional investors have also recently modified their positions in AIG, contributing to a high institutional ownership of 90.60% of the company's stock.
• American International Group reported quarterly earnings of $1.81 per share, exceeding analysts' expectations of $1.60, and announced a quarterly dividend of $0.45 per share.

Signal Advisors Wealth LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,156 shares of the insurance provider's stock, valued at approximately $1,383,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GQG Partners LLC raised its holdings in shares of American International Group by 33,315.0% in the first quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider's stock valued at $1,643,995,000 after purchasing an additional 18,852,949 shares during the last quarter. Nuveen LLC purchased a new position in shares of American International Group in the first quarter worth about $440,273,000. AQR Capital Management LLC lifted its holdings in American International Group by 184.4% during the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider's stock worth $287,214,000 after purchasing an additional 2,162,545 shares in the last quarter. Raymond James Financial Inc. grew its stake in American International Group by 151.6% during 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 acquiring an additional 1,980,001 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in American International Group by 20.4% during the first quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider's stock valued at $974,840,000 after acquiring an additional 1,901,998 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AIG shares. Cantor Fitzgerald upgraded American International Group to a "hold" rating in a research report on Tuesday, August 12th. William Blair upgraded shares of American International Group to a "strong-buy" rating in a report on Friday, August 1st. Wolfe Research initiated coverage on shares of American International Group in a report on Tuesday, September 16th. They issued a "peer perform" rating for the company. Citigroup began coverage on American International Group in a research note on Wednesday, August 13th. They set a "neutral" rating and a $85.00 price objective for the company. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, American International Group has a consensus rating of "Moderate Buy" and an average price target of $88.27.

American International Group Price Performance

Shares of NYSE AIG traded down $0.67 during mid-day trading on Monday, reaching $76.31. The company's stock had a trading volume of 592,356 shares, compared to its average volume of 4,568,364. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. American International Group, Inc. has a 1-year low of $69.24 and a 1-year high of $88.07. The stock has a 50-day moving average of $79.77 and a two-hundred day moving average of $81.97. The stock has a market capitalization of $42.28 billion, a P/E ratio of 14.48, a P/E/G ratio of 0.82 and a beta of 0.70.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share 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 company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the firm posted $1.16 earnings per share. On average, equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. American International Group's payout ratio is 34.09%.

About American International Group

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.