American International Group, Inc. $AIG Shares Acquired by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR increased its holdings in American International Group, Inc. by 329.3% during the 2nd quarter, acquiring an additional 22,878 shares for a total value of $2,553,000.
• American International Group reported an earnings per share (EPS) of $1.81 for the last quarter, exceeding analysts' expectations of $1.60, with a net margin of 11.51%.
• The company recently announced a quarterly dividend of $0.45 per share, resulting in an annualized dividend yield of 2.3%.

Generali Asset Management SPA SGR raised its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 329.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,826 shares of the insurance provider's stock after acquiring an additional 22,878 shares during the period. Generali Asset Management SPA SGR's holdings in American International Group were worth $2,553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AIG. Patton Fund Management Inc. purchased a new position in shares of American International Group during the 2nd quarter valued at approximately $232,000. AIA Group Ltd increased its holdings in shares of American International Group by 169.6% during the 1st quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider's stock valued at $901,000 after purchasing an additional 6,523 shares in the last quarter. Townsquare Capital LLC increased its holdings in shares of American International Group by 5.4% during the 1st quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider's stock valued at $10,009,000 after purchasing an additional 5,899 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of American International Group by 175.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock valued at $15,807,000 after purchasing an additional 115,706 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of American International Group by 2.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider's stock valued at $1,445,000 after purchasing an additional 355 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of American International Group from $95.00 to $97.00 and gave the company a "neutral" rating in a report on Thursday, October 9th. Morgan Stanley cut their target price on shares of American International Group from $85.00 to $84.00 and set an "equal weight" rating for the company in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of American International Group in a report on Wednesday, October 8th. Evercore ISI boosted their price target on shares of American International Group from $89.00 to $90.00 and gave the stock an "in-line" rating in a report on Wednesday, October 1st. Finally, Bank of America boosted their price target on shares of American International Group from $88.00 to $94.00 and gave the stock a "neutral" rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $89.81.

American International Group Price Performance

American International Group stock opened at $77.00 on Friday. American International Group, Inc. has a 52-week low of $69.24 and a 52-week high of $88.07. The firm has a market capitalization 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 fifty day simple moving average of $80.02 and a 200-day simple moving average of $81.57. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (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 business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter in the prior year, the firm earned $1.16 earnings per share. On average, equities 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 announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group's dividend payout ratio is presently 34.09%.

About American International Group

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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