AG2R LA Mondiale Gestion D Actifs Acquires Shares of 23,774 American International Group, Inc. $AIG

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new stake in American International Group, Inc. (AIG), purchasing 23,774 shares valued at approximately $2,012,000 during Q1.
• Institutional investors collectively own 90.60% of AIG's stock, with notable increases in holdings from firms like Pinnacle Associates Ltd. and Miracle Mile Advisors LLC.
• AIG recently announced a quarterly dividend of $0.45, representing a 2.3% yield, with a payout ratio currently at 34.09%.

AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 23,774 shares of the insurance provider's stock, valued at approximately $2,012,000.

Several other institutional investors also recently bought and sold shares of AIG. Brighton Jones LLC purchased a new position in American International Group during the fourth quarter valued at $1,091,000. Focus Partners Wealth grew its stake in American International Group by 19.2% during the fourth quarter. Focus Partners Wealth now owns 14,606 shares of the insurance provider's stock valued at $1,063,000 after acquiring an additional 2,350 shares in the last quarter. Gotham Asset Management LLC grew its stake in American International Group by 8.2% during the fourth quarter. Gotham Asset Management LLC now owns 23,402 shares of the insurance provider's stock valued at $1,704,000 after acquiring an additional 1,780 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in American International Group by 12.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 211,934 shares of the insurance provider's stock valued at $15,429,000 after acquiring an additional 23,809 shares in the last quarter. Finally, NorthRock Partners LLC grew its stake in American International Group by 51.8% during the fourth quarter. NorthRock Partners LLC now owns 10,220 shares of the insurance provider's stock valued at $744,000 after acquiring an additional 3,486 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AIG shares. Keefe, Bruyette & Woods cut their target price 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. Cfra Research raised shares of American International Group to a "moderate buy" rating in a research note on Monday, August 11th. Cantor Fitzgerald raised shares of American International Group to a "hold" rating in a research note on Tuesday, August 12th. William Blair raised shares of American International Group to a "strong-buy" rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised shares of American International Group from a "hold" rating to a "buy" rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $88.27.

American International Group Trading Down 2.4%

Shares of AIG stock traded down $1.92 during trading hours on Monday, reaching $77.01. 5,193,097 shares of the stock were exchanged, compared to its average volume of 3,721,506. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The company's 50-day moving average price is $80.22 and its 200-day moving average price is $82.09. The firm has a market capitalization of $42.66 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 0.84 and a beta of 0.70.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.81 billion. During the same period in the previous year, the company earned $1.16 EPS. As a group, equities analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business 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. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 16th. American International Group's payout ratio is 34.09%.

American International Group Company Profile

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.