ASR Vermogensbeheer N.V. Acquires New Holdings in American International Group, Inc. (NYSE:AIG)

Key Points

• ASR Vermogensbeheer N.V. acquired a new stake in American International Group, purchasing 91,067 shares worth about $7.9 million during Q1.
• AIG's recent earnings report showed a 7.13% return on equity, with earnings per share of $1.81, exceeding estimates of $1.60.
• The company announced a quarterly dividend of $0.45 per share, representing an annual dividend yield of 2.3%.

ASR Vermogensbeheer N.V. bought a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 91,067 shares of the insurance provider's stock, valued at approximately $7,917,000.

Other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of American International Group by 175.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock valued at $15,807,000 after acquiring an additional 115,706 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in American International Group by 2.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider's stock valued at $1,445,000 after purchasing an additional 355 shares during the last quarter. IFP Advisors Inc lifted its holdings in American International Group by 34.9% during the 1st quarter. IFP Advisors Inc now owns 2,882 shares of the insurance provider's stock valued at $251,000 after purchasing an additional 745 shares during the last quarter. GAMMA Investing LLC lifted its holdings in American International Group by 18.6% during the 1st quarter. GAMMA Investing LLC now owns 13,187 shares of the insurance provider's stock valued at $1,146,000 after purchasing an additional 2,069 shares during the last quarter. Finally, Brighton Jones LLC bought a new position in American International Group during the 4th quarter valued at about $1,091,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Barclays lifted their price target on shares of American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods lifted their price target on shares of American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Wall Street Zen raised shares of American International Group from a "hold" rating to a "buy" rating in a report on Saturday. Wells Fargo & Company boosted 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 note on Tuesday, May 6th. Finally, William Blair raised shares of American International Group to a "strong-buy" rating in a research note on Friday, August 1st. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.33.

American International Group Trading Up 0.7%

Shares of AIG traded up $0.54 on Monday, reaching $78.67. 760,842 shares of the company's stock were exchanged, compared to its average volume of 4,565,013. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $43.58 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 0.85 and a beta of 0.63. The business has a 50 day moving average price of $82.43 and a two-hundred day moving average price of $81.25. 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 posted its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.21. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $1.16 earnings per share. Research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group's payout ratio is currently 34.09%.

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.