American International Group, Inc. $AIG Shares Bought by Northside Capital Management LLC

Key Points

• Northside Capital Management LLC increased its holdings in American International Group by 299.1% during Q2, owning 9,263 shares valued at $793,000.
• American International Group reported $1.81 earnings per share, surpassing the estimate of $1.60, and had a net margin of 11.51% for the quarter.
• The company recently announced a quarterly dividend of $0.45 per share, reflecting an annual yield of 2.3%.

Northside Capital Management LLC grew its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 299.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,263 shares of the insurance provider's stock after purchasing an additional 6,942 shares during the quarter. Northside Capital Management LLC's holdings in American International Group were worth $793,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. GQG Partners LLC lifted its stake in American International Group by 33,315.0% in the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider's stock worth $1,643,995,000 after purchasing an additional 18,852,949 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in American International Group by 20.4% in the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider's stock worth $974,840,000 after purchasing an additional 1,901,998 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in American International Group by 22.8% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider's stock worth $792,340,000 after purchasing an additional 1,694,290 shares in the last quarter. Nuveen LLC purchased a new position in American International Group in the 1st quarter worth approximately $440,273,000. Finally, AQR Capital Management LLC lifted its stake in American International Group by 184.4% in the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider's stock worth $287,214,000 after purchasing an additional 2,162,545 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Up 0.1%

American International Group stock opened at $76.63 on Wednesday. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. 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 50 day moving average price of $79.58 and a 200 day moving average price of $81.90. The company has a market capitalization of $42.45 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 0.82 and a beta of 0.70.

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 the consensus estimate 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 firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter last year, the firm earned $1.16 EPS. Research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, September 16th. American International Group's dividend payout ratio (DPR) is 34.09%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Cantor Fitzgerald raised shares of American International Group to a "hold" rating in a research note on Tuesday, August 12th. Citigroup assumed coverage on shares of American International Group in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $85.00 target price on the stock. Keefe, Bruyette & Woods decreased their target price on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. William Blair raised shares of American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Finally, Cfra Research raised shares of American International Group to a "moderate buy" rating in a research report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, American International Group has a consensus rating of "Moderate Buy" and an average price target of $88.27.

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.

Want to see what other hedge funds are holding AIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American International Group, Inc. (NYSE:AIG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.