Alyeska Investment Group L.P. Takes $741,000 Position in American International Group, Inc. $AIG

Key Points

• Alyeska Investment Group L.P. acquired a new stake of 8,522 shares in American International Group, Inc. for approximately $741,000 during the 1st quarter.
• American International Group recently reported an earnings per share (EPS) of $1.81, exceeding analysts' expectations of $1.60, with a net margin of 11.51%.
• The company declared a quarterly dividend of $0.45 per share, which will be paid on September 30th, representing a yield of 2.3%.

Alyeska Investment Group L.P. acquired a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,522 shares of the insurance provider's stock, valued at approximately $741,000.

Other hedge funds have also bought and sold shares of the company. Ameriflex Group Inc. bought a new stake in American International Group during the fourth quarter worth about $29,000. Sachetta LLC boosted its stake in American International Group by 194.5% during the first quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock worth $33,000 after acquiring an additional 249 shares in the last quarter. Hemington Wealth Management boosted its stake in American International Group by 42.8% during the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider's stock worth $41,000 after acquiring an additional 142 shares in the last quarter. NBC Securities Inc. bought a new stake in American International Group during the first quarter worth about $47,000. Finally, WPG Advisers LLC bought a new stake in American International Group during the first quarter worth about $47,000. Institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

Shares of AIG traded up $0.06 during mid-day trading on Friday, hitting $78.78. 925,818 shares of the company traded hands, compared to its average volume of 4,472,690. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a 50-day moving average price of $80.41 and a two-hundred day moving average price of $82.09. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The stock has a market cap of $43.64 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 0.83 and a beta of 0.70.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, beating 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 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 earnings per share. Equities analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 16th. American International Group's payout ratio is presently 34.09%.

Analysts Set New Price Targets

Several equities research analysts recently commented on AIG shares. Keefe, Bruyette & Woods dropped their price objective 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. Morgan Stanley lifted their target price on shares of American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Citigroup started coverage on shares of American International Group in a report on Wednesday, August 13th. They issued a "neutral" rating and a $85.00 target price for the company. Cfra Research raised shares of American International Group to a "moderate buy" rating in a report on Monday, August 11th. Finally, William Blair raised shares of American International Group to a "strong-buy" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $88.27.

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.