American International Group, Inc. $AIG Stock Holdings Boosted by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its stake in AIG by 37.2% in Q3 to 54,673 shares, a position worth about $4.29 million.
• AIG beat EPS estimates ($1.96 vs. $1.90) while missing revenue expectations, and announced a quarterly dividend of $0.45 (annualized $1.80) for a yield of about 2.3% (ex-dividend March 16).
• Institutional investors own roughly 90.6% of AIG; analysts’ consensus is a "Hold" with an average target of $87.95, and the stock trades at a market cap of $42.24 billion with a P/E of 14.52.

Crossmark Global Holdings Inc. grew its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 37.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 54,673 shares of the insurance provider's stock after purchasing an additional 14,836 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in American International Group were worth $4,294,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Westfuller Advisors LLC acquired a new stake in shares of American International Group during the 3rd quarter valued at $26,000. Atlantic Union Bankshares Corp lifted its stake in American International Group by 7,100.0% during the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider's stock valued at $28,000 after buying an additional 355 shares in the last quarter. Eastern Bank boosted its holdings in shares of American International Group by 2,473.3% in the third quarter. Eastern Bank now owns 386 shares of the insurance provider's stock worth $30,000 after buying an additional 371 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of American International Group in the second quarter worth about $32,000. Finally, Motco increased its position in shares of American International Group by 950.0% in the third quarter. Motco now owns 420 shares of the insurance provider's stock worth $33,000 after acquiring an additional 380 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

American International Group Price Performance

NYSE AIG opened at $78.72 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $42.24 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58. The company has a 50 day moving average price of $77.54 and a two-hundred day moving average price of $78.95. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The insurance provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.90 by $0.06. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.99 billion. American International Group had a net margin of 11.56% and a return on equity of 9.79%. During the same quarter in the prior year, the business posted $1.30 EPS. As a group, equities analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be issued a $0.45 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group's dividend payout ratio is currently 33.21%.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of American International Group from $81.00 to $79.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 11th. Wells Fargo & Company increased their price objective on American International Group from $85.00 to $87.00 and gave the stock an "equal weight" rating in a research note on Friday, February 13th. Bank of America decreased their price objective on American International Group from $89.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, January 16th. Mizuho lifted their target price on American International Group from $83.00 to $86.00 and gave the company a "neutral" rating in a research note on Tuesday, February 17th. Finally, Evercore dropped their target price on American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $87.95.

American International Group Profile

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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