Ieq Capital LLC Purchases 138,829 Shares of American International Group, Inc. $AIG

Key Points

• Ieq Capital LLC increased its position in American International Group, Inc. by 172.0% during Q1, owning 219,560 shares valued at approximately $19.1 million.
• American International Group recently announced a quarterly dividend of $0.45 per share, representing a 2.2% dividend yield and a payout ratio of 34.09%.
• Despite strong earnings, stock analysts have mixed opinions, with ratings ranging from Strong Buy to Hold, and a consensus target price of $88.27.

Ieq Capital LLC boosted its position in American International Group, Inc. (NYSE:AIG - Free Report) by 172.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 219,560 shares of the insurance provider's stock after purchasing an additional 138,829 shares during the quarter. Ieq Capital LLC's holdings in American International Group were worth $19,089,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new position in American International Group in the fourth quarter worth $29,000. Sachetta LLC grew its stake in shares of American International Group by 194.5% in the first quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock worth $33,000 after acquiring an additional 249 shares during the last quarter. Hemington Wealth Management grew its stake in shares of American International Group by 42.8% in 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 during the last quarter. NBC Securities Inc. purchased a new stake in shares of American International Group in the first quarter worth $47,000. Finally, SouthState Corp grew its stake in shares of American International Group by 798.5% in the first quarter. SouthState Corp now owns 584 shares of the insurance provider's stock worth $51,000 after acquiring an additional 519 shares during the last quarter. Institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

AIG stock traded down $0.23 during trading on Friday, reaching $81.37. The stock had a trading volume of 4,039,872 shares, compared to its average volume of 3,797,396. American International Group, Inc. has a 52 week low of $69.24 and a 52 week high of $88.07. The stock's 50 day moving average is $81.27 and its two-hundred day moving average is $81.85. 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 firm has a market cap of $45.08 billion, a PE ratio of 15.41, a PEG ratio of 0.87 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the prior year, the company earned $1.16 earnings per share. 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 Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. American International Group's dividend payout ratio is currently 34.09%.

Analyst Ratings Changes

AIG has been the topic of a number of recent research reports. Wall Street Zen cut American International Group from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Cantor Fitzgerald raised American International Group to a "hold" rating in a research note on Tuesday, August 12th. Keefe, Bruyette & Woods dropped their price objective on American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Citigroup assumed coverage on American International Group in a research report on Wednesday, August 13th. They set a "neutral" rating and a $85.00 price objective on the stock. Finally, William Blair raised American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Two equities research 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's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.