Trexquant Investment LP Takes $17.33 Million Position in American International Group, Inc. $AIG

Key Points

• Trexquant Investment LP acquired 199,332 shares of American International Group, Inc. (AIG) in Q1, valued at approximately $17.33 million.
• AIG's recent earnings report showed an earnings per share (EPS) of $1.81, exceeding estimates by $0.21, with a revenue of $6.77 billion.
• The company will pay a quarterly dividend of $0.45, representing a 2.2% yield, to investors of record as of September 16th.

Trexquant Investment LP acquired a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 199,332 shares of the insurance provider's stock, valued at approximately $17,330,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in American International Group during the 4th quarter worth about $29,000. Sachetta LLC increased its stake in shares of American International Group by 194.5% during the first quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 249 shares during the period. Hemington Wealth Management grew its position in American International Group by 42.8% during the 1st quarter. Hemington Wealth Management now owns 474 shares of the insurance provider's stock worth $41,000 after purchasing an additional 142 shares in the last quarter. NBC Securities Inc. bought a new stake in American International Group in the first quarter worth $47,000. Finally, SouthState Corp lifted its stake in shares of American International Group by 798.5% in the first quarter. SouthState Corp now owns 584 shares of the insurance provider's stock valued at $51,000 after buying an additional 519 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Trading Down 0.3%

Shares of American International Group stock traded down $0.28 on Tuesday, hitting $81.04. 2,913,935 shares of the company's stock traded hands, compared to its average volume of 4,488,066. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The firm's 50-day moving average price is $81.18 and its two-hundred day moving average price is $81.97. The stock has a market capitalization of $44.90 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 0.87 and a beta of 0.70. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.60 by $0.21. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same period in the previous year, the business earned $1.16 earnings per share. On average, research analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.45 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. American International Group's payout ratio is presently 34.09%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AIG. Citigroup began coverage on shares of American International Group in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $85.00 price target on the stock. Keefe, Bruyette & Woods decreased their price target on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Wells Fargo & Company boosted their target price on American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Wall Street Zen upgraded American International Group from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Morgan Stanley boosted their price objective on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $88.27.

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.