American International Group, Inc. $AIG Stake Boosted by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in American International Group, Inc. by 4.7% during the second quarter, acquiring a total of 478,436 shares valued at $40,949,000.
• American International Group reported quarterly earnings of $1.81 per share, exceeding analyst expectations of $1.60, and had a revenue of $6.77 billion.
• The company declared a quarterly dividend of $0.45, representing a 2.2% dividend yield with a dividend payout ratio of 34.09%.

Aberdeen Group plc grew its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 478,436 shares of the insurance provider's stock after acquiring an additional 21,464 shares during the period. Aberdeen Group plc owned 0.08% of American International Group worth $40,949,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pinnacle Associates Ltd. raised its position in shares of American International Group by 1.6% during the first quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider's stock valued at $670,000 after buying an additional 122 shares during the last quarter. Western Pacific Wealth Management LP raised its position in shares of American International Group by 2.3% during the first quarter. Western Pacific Wealth Management LP now owns 5,673 shares of the insurance provider's stock valued at $493,000 after buying an additional 125 shares during the last quarter. Aaron Wealth Advisors LLC raised its position 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 valued at $468,000 after buying an additional 126 shares during the last quarter. Monument Capital Management raised its position in shares of American International Group by 3.5% during the second 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. Finally, Montag A & Associates Inc. raised its position in shares of American International Group by 0.7% during the first 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 last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Performance

NYSE AIG opened at $81.34 on Monday. The firm has a market cap of $45.06 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 0.86 and a beta of 0.68. The company has a 50 day moving average of $79.80 and a 200-day moving average of $81.64. 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 1-year low of $69.24 and a 1-year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter last year, the business posted $1.16 earnings per share. On average, equities analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $0.45 dividend. 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 2.2%. American International Group's dividend payout ratio (DPR) is currently 34.09%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of American International Group in a research report on Tuesday, September 16th. They issued a "peer perform" rating for the company. JPMorgan Chase & Co. increased their price target on shares of American International Group from $95.00 to $97.00 and gave the stock a "neutral" rating in a research report on Thursday. William Blair raised shares of American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Morgan Stanley dropped their price target on shares of American International Group from $85.00 to $84.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 7th. Finally, Cantor Fitzgerald raised shares of American International Group to a "hold" rating in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, American International Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.53.

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.

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