American International Group, Inc. $AIG Stock Position Raised by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in American International Group, Inc. by 15%, owning 1,641,190 shares valued at $142.7 million at the end of the last quarter.
• American International Group reported $1.81 EPS for the last quarter, surpassing expectations of $1.60, alongside revenue of $6.77 billion, slightly below the forecast of $6.81 billion.
• The company announced a quarterly dividend of $0.45 per share, with a dividend yield of 2.2%, drawing interest from income-focused investors.

Caisse DE Depot ET Placement DU Quebec boosted its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 15.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,641,190 shares of the insurance provider's stock after buying an additional 214,205 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.28% of American International Group worth $142,685,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AIG. Bank of Hawaii acquired a new stake in American International Group in the 1st quarter worth $544,000. Synovus Financial Corp boosted its position in American International Group by 6.6% in the first quarter. Synovus Financial Corp now owns 48,014 shares of the insurance provider's stock valued at $4,174,000 after buying an additional 2,965 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in American International Group in the first quarter valued at about $2,094,000. Hotchkis & Wiley Capital Management LLC boosted its position in American International Group by 22.8% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider's stock valued at $792,340,000 after buying an additional 1,694,290 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in American International Group by 35.2% in the first quarter. Smartleaf Asset Management LLC now owns 5,987 shares of the insurance provider's stock valued at $501,000 after buying an additional 1,558 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AIG shares. Wells Fargo & Company upped their target price on shares of American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Citigroup started 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 for the company. Wall Street Zen downgraded shares of American International Group from a "buy" rating to a "hold" rating in a research report on Friday. Cantor Fitzgerald raised shares of American International Group to a "hold" rating in a research report on Tuesday, August 12th. Finally, Cfra Research upgraded shares of American International Group to a "moderate buy" rating in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.27.

American International Group Price Performance

AIG stock opened at $83.3360 on Monday. The firm has a market cap of $46.17 billion, a P/E ratio of 15.78, a P/E/G ratio of 0.89 and a beta of 0.63. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. The company's 50-day moving average price is $81.52 and its two-hundred day moving average price is $81.70. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) 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 company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same period in the previous year, the firm posted $1.16 EPS. On average, analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. American International Group's payout ratio is currently 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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