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Deutsche Bank AG Has $159.87 Million Holdings in American International Group, Inc. (NYSE:AIG)

American International Group logo with Finance background

Key Points

  • Deutsche Bank AG increased its stake in American International Group, Inc. (NYSE:AIG) by 0.3%, owning approximately 1.84 million shares worth about $159.87 million.
  • AIG reported earnings of $1.81 per share for the last quarter, exceeding analysts' expectations of $1.60, with revenue slightly below estimates at $6.77 billion.
  • The company declared a quarterly dividend of $0.45 per share, representing an annualized dividend of $1.80 and a yield of 2.3%, payable on September 30th.
  • Looking to export and analyze American International Group data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Deutsche Bank AG boosted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,838,852 shares of the insurance provider's stock after purchasing an additional 5,890 shares during the quarter. Deutsche Bank AG owned about 0.31% of American International Group worth $159,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. increased its position in American International Group by 1.6% during the first quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider's stock worth $670,000 after buying an additional 122 shares during the period. Miracle Mile Advisors LLC increased its position in American International Group by 1.6% during the first quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider's stock worth $704,000 after buying an additional 124 shares during the period. Western Pacific Wealth Management LP increased its position in 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 worth $493,000 after buying an additional 125 shares during the period. Montag A & Associates Inc. increased its position in 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 worth $1,546,000 after buying an additional 130 shares during the period. Finally, Carnegie Investment Counsel increased its position in American International Group by 3.1% during the first quarter. Carnegie Investment Counsel now owns 4,311 shares of the insurance provider's stock worth $375,000 after buying an additional 131 shares during the period. Institutional investors own 90.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AIG. Keefe, Bruyette & Woods dropped their target price on American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a report on Tuesday. Barclays lifted their price objective on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. William Blair raised American International Group to a "strong-buy" rating in a report on Friday, August 1st. Wells Fargo & Company upped their price objective on American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, Wall Street Zen raised American International Group from a "hold" rating to a "buy" rating in a report on Saturday. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $87.93.

View Our Latest Stock Analysis on American International Group

American International Group Stock Down 0.2%

American International Group stock traded down $0.13 during mid-day trading on Tuesday, hitting $78.50. The company's stock had a trading volume of 4,614,605 shares, compared to its average volume of 4,586,095. The firm's 50 day moving average is $82.29 and its 200 day moving average is $81.28. The company has a market cap of $43.49 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 0.85 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. American International Group, Inc. has a 52-week low of $69.24 and a 52-week high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the prior year, the business earned $1.16 EPS. On average, analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group's dividend payout ratio is currently 34.09%.

American International Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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