American International Group, Inc. $AIG Shares Acquired by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC has significantly increased its stake in American International Group, with a 150.4% rise during the second quarter, now owning 10,154 shares valued at approximately $869,000.
• Analysts have shown positive outlooks for AIG, with Goldman Sachs raising the target price to $86.00 and several firms assigning it a "buy" rating, indicating a generally favorable market sentiment.
• AIG recently declared a quarterly dividend of $0.45 per share, representing a 2.3% yield based on a payout ratio of 34.09%.

Concurrent Investment Advisors LLC lifted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 150.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,154 shares of the insurance provider's stock after acquiring an additional 6,099 shares during the quarter. Concurrent Investment Advisors LLC's holdings in American International Group were worth $869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pinnacle Associates Ltd. lifted its position in American International Group by 1.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider's stock worth $670,000 after acquiring an additional 122 shares during the period. Aaron Wealth Advisors LLC lifted its holdings in shares of American International Group by 2.4% during the second quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider's stock worth $468,000 after purchasing an additional 126 shares during the period. Monument Capital Management grew its position in American International Group by 3.5% in the 2nd quarter. Monument Capital Management now owns 3,828 shares of the insurance provider's stock valued at $328,000 after buying an additional 129 shares during the last quarter. Montag A & Associates Inc. increased its stake in American International Group by 0.7% in the 1st quarter. Montag A & Associates Inc. now owns 17,788 shares of the insurance provider's stock valued at $1,546,000 after buying an additional 130 shares during the period. Finally, Carnegie Investment Counsel increased its stake in American International Group by 3.1% in the 1st quarter. Carnegie Investment Counsel now owns 4,311 shares of the insurance provider's stock valued at $375,000 after buying an additional 131 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AIG has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on shares of American International Group from $85.00 to $86.00 and gave the company a "neutral" rating in a report on Monday, October 6th. Weiss Ratings restated a "buy (b)" rating on shares of American International Group in a research report on Wednesday, October 8th. Citigroup started coverage on American International Group in a research report on Wednesday, August 13th. They set a "neutral" rating and a $85.00 target price on the stock. Wall Street Zen raised American International Group from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Finally, Cfra Research upgraded American International Group to a "moderate buy" rating in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $89.81.

American International Group Price Performance

AIG stock opened at $77.00 on Friday. The firm has a 50 day moving average of $80.02 and a 200-day moving average of $81.57. The company has a market cap of $42.66 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 0.80 and a beta of 0.68. 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, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07.

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. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same period last year, the business posted $1.16 EPS. As a group, equities analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid 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 was Tuesday, September 16th. American International Group's payout ratio is 34.09%.

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.

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