9,217 Shares in American International Group, Inc. $AIG Acquired by Mraz Amerine & Associates Inc.

Key Points

• Mraz Amerine & Associates Inc. has acquired 9,217 shares of American International Group, Inc. (AIG) valued at approximately $789,000 in the second quarter.
• Several hedge funds, including GQG Partners LLC and Bank of New York Mellon Corp, have significantly increased their holdings in AIG, leading to institutional ownership of 90.60% in the company.
• AIG's stock has received a "moderate buy" rating from Cfra Research and various brokerages have raised their price targets, with the current average target price being $88.25.

Mraz Amerine & Associates Inc. acquired a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 9,217 shares of the insurance provider's stock, valued at approximately $789,000.

Several other hedge funds have also recently modified their holdings of AIG. GQG Partners LLC grew its stake in American International Group by 33,315.0% during 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 acquiring an additional 18,852,949 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of 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 purchasing an additional 1,901,998 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of American International Group by 22.8% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider's stock worth $792,340,000 after purchasing an additional 1,694,290 shares during the last quarter. Nuveen LLC purchased a new stake in shares of American International Group in the first quarter worth about $440,273,000. Finally, AQR Capital Management LLC boosted its stake in American International Group by 184.4% during the first quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider's stock valued at $287,214,000 after buying an additional 2,162,545 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AIG. Cfra Research raised American International Group to a "moderate buy" rating in a report on Monday, August 11th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of American International Group in a research note on Saturday, September 27th. The Goldman Sachs Group lifted their price objective on shares of American International Group from $85.00 to $86.00 and gave the stock a "neutral" rating in a research note on Monday. Evercore ISI upped their target price on shares of American International Group from $89.00 to $90.00 and gave the company an "in-line" rating in a research report on Wednesday, October 1st. Finally, William Blair upgraded American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Two investment 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 stock. Based on data from MarketBeat.com, American International Group presently has an average rating of "Moderate Buy" and an average target price of $88.25.

American International Group Price Performance

AIG stock opened at $83.00 on Tuesday. The stock has a market cap of $45.98 billion, a PE ratio of 15.72, a P/E/G ratio of 0.87 and a beta of 0.68. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The company has a 50-day moving average price of $79.37 and a 200 day moving average price of $81.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.21. The business 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 quarter last year, the firm earned $1.16 earnings per share. Equities research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

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

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