Blue Barn Wealth LLC Buys New Stake in American International Group, Inc. (NYSE:AIG)

Key Points

• Blue Barn Wealth LLC has acquired 3,629 shares of American International Group, Inc., valued at approximately $316,000, marking a new stake in the company during the 1st quarter.
• Analysts have recently raised their price targets for AIG, with a consensus target price of $88.33 and a majority rating of "buy" or "hold" from various investment analysts.
• AIG has announced a $0.45 quarterly dividend to be paid on September 30th, with an annualized dividend yield of 2.3% and a dividend payout ratio of -67.67%.

Blue Barn Wealth LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 3,629 shares of the insurance provider's stock, valued at approximately $316,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new stake in American International Group in the fourth quarter valued at about $29,000. Sachetta LLC lifted its position in shares of American International Group by 194.5% during the 1st 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 lifted its position in shares of American International Group by 42.8% during the 1st quarter. Hemington Wealth Management now owns 474 shares of the insurance provider's stock valued at $41,000 after acquiring an additional 142 shares during the period. NBC Securities Inc. acquired a new stake in shares of American International Group during the 1st quarter valued at approximately $47,000. Finally, Colonial Trust Co SC lifted its position in shares of American International Group by 150.2% during the 4th quarter. Colonial Trust Co SC now owns 738 shares of the insurance provider's stock valued at $54,000 after acquiring an additional 443 shares during the period. Institutional investors and hedge funds own 90.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AIG shares. Wells Fargo & Company raised their price target on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Morgan Stanley raised their target price on shares of American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods upped their price target on shares of American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Jefferies Financial Group raised their price objective on shares of American International Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Finally, William Blair upgraded American International Group to a "strong-buy" rating in a report on Friday, August 1st. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $88.33.

American International Group Trading Up 2.0%

AIG stock traded up $1.52 during midday trading on Friday, hitting $78.12. The stock had a trading volume of 4,170,729 shares, compared to its average volume of 4,459,343. The firm has a market cap of $45.02 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 0.84 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07. The company's 50-day moving average price is $82.43 and its 200 day moving average price is $81.16.

American International Group (NYSE:AIG - Get Free Report) last released its 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. The firm had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.81%. During the same period in the previous year, the company earned $1.16 EPS. On average, equities research 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 16th. American International Group's dividend payout ratio (DPR) 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.