American International Group, Inc. $AIG Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management increased its AIG stake by 4.6%, buying 50,775 shares to own 1,156,343 shares (about 0.21% of the company) valued at roughly $97.45 million, and institutional investors/hedge funds collectively own about 90.6% of AIG.
• AIG raised its quarterly dividend to $0.50 from $0.45 (annualized $2.00), yielding about 2.6% with an ex-dividend date of June 15 and payment on June 29.
• Earnings beat: AIG reported $2.11 EPS vs. $1.89 expected, while analysts' consensus remains an average "Hold" with a $87.94 price target, though some firms (e.g., Goldman Sachs) have raised targets and maintained more positive ratings.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,156,343 shares of the insurance provider's stock after buying an additional 50,775 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.21% of American International Group worth $97,445,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AssuredPartners Investment Advisors LLC acquired a new position in shares of American International Group during the fourth quarter worth about $217,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in American International Group by 1.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 83,499 shares of the insurance provider's stock valued at $7,143,000 after purchasing an additional 893 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in American International Group in the fourth quarter valued at approximately $556,000. Garner Asset Management Corp boosted its holdings in American International Group by 6.3% in the fourth quarter. Garner Asset Management Corp now owns 3,104 shares of the insurance provider's stock valued at $266,000 after purchasing an additional 184 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in American International Group by 1.5% in the fourth quarter. QRG Capital Management Inc. now owns 81,758 shares of the insurance provider's stock valued at $6,994,000 after purchasing an additional 1,203 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Cantor Fitzgerald upped their price target on American International Group from $81.00 to $85.00 and gave the company a "neutral" rating in a report on Monday. The Goldman Sachs Group upped their price target on American International Group from $87.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday. Piper Sandler lowered their price target on American International Group from $95.00 to $88.00 and set an "overweight" rating for the company in a report on Thursday, February 12th. Wells Fargo & Company lowered their price target on American International Group from $86.00 to $85.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, Mizuho upped their price target on American International Group from $84.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $87.94.

American International Group Price Performance

Shares of NYSE AIG opened at $76.43 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.61. The stock has a fifty day moving average price of $76.70 and a 200 day moving average price of $77.77. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.46. The company has a market cap of $40.52 billion, a PE ratio of 13.48, a P/E/G ratio of 0.75 and a beta of 0.53.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The insurance provider reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The firm had revenue of $7.02 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same period last year, the company earned $1.17 earnings per share. Sell-side analysts forecast that American International Group, Inc. will post 7.9 EPS for the current year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a dividend of $0.50 per share. This is a boost from American International Group's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. American International Group's dividend payout ratio is 31.75%.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.

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