American International Group, Inc. $AIG Shares Acquired by American Century Companies Inc.

Key Points

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American Century Companies Inc. raised its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 15.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 859,682 shares of the insurance provider's stock after buying an additional 113,171 shares during the period. American Century Companies Inc. owned approximately 0.15% of American International Group worth $74,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of American International Group during the 4th quarter worth $1,091,000. Rockefeller Capital Management L.P. lifted its position in shares of American International Group by 1.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 31,151 shares of the insurance provider's stock worth $2,268,000 after purchasing an additional 554 shares during the last quarter. Mariner LLC lifted its position in shares of American International Group by 1.9% during the 4th quarter. Mariner LLC now owns 73,998 shares of the insurance provider's stock worth $5,387,000 after purchasing an additional 1,366 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of American International Group during the 4th quarter worth $303,000. Finally, NewEdge Advisors LLC lifted its position in shares of American International Group by 11.0% during the 4th quarter. NewEdge Advisors LLC now owns 40,095 shares of the insurance provider's stock worth $2,919,000 after purchasing an additional 3,960 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

NYSE AIG traded up $1.1590 during trading on Wednesday, reaching $82.4490. The company's stock had a trading volume of 3,424,105 shares, compared to its average volume of 4,309,755. 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 firm has a market cap of $45.68 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 0.87 and a beta of 0.63. American International Group, Inc. has a twelve month low of $69.24 and a twelve month high of $88.07. The business's fifty day moving average price is $81.64 and its 200-day moving average price is $81.45.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.60 by $0.21. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates 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 posted $1.16 earnings per share. As a group, analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.45 dividend. The ex-dividend date is 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 currently 34.09%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AIG shares. Morgan Stanley lifted their price objective on shares of American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. William Blair raised shares of American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Wall Street Zen raised shares of American International Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Cfra Research raised shares of American International Group to a "moderate buy" rating in a research report on Monday, August 11th. Finally, Citigroup began coverage on shares of American International Group in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $85.00 price target for the company. Two equities 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.27.

American International Group 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.