Boston Partners Reduces Holdings in American International Group, Inc. $AIG

Key Points

• Boston Partners reduced its holdings in American International Group (AIG) by 0.4%, selling 9,827 shares and owning 2,191,697 shares valued at $190.47 million as of their latest SEC filing.
• AIG announced a quarterly dividend of $0.45, to be paid on September 30th, representing an annualized dividend yield of 2.3%.
• Analysts generally have a consensus rating of "Moderate Buy" for AIG, with a price target of $88.27, reflecting a mix of buy and hold recommendations from various brokerages.

Boston Partners reduced its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 0.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,191,697 shares of the insurance provider's stock after selling 9,827 shares during the quarter. Boston Partners owned approximately 0.38% of American International Group worth $190,471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. GQG Partners LLC raised its holdings in shares of American International Group by 33,315.0% during the first quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider's stock valued at $1,643,995,000 after acquiring an additional 18,852,949 shares in the last quarter. Financial Network Wealth Advisors LLC raised its holdings in American International Group by 30.4% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 618 shares of the insurance provider's stock worth $54,000 after purchasing an additional 144 shares in the last quarter. National Pension Service raised its holdings in American International Group by 3.4% in the 1st quarter. National Pension Service now owns 1,466,153 shares of the insurance provider's stock worth $127,467,000 after purchasing an additional 48,417 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of American International Group by 44.8% in the 1st quarter. Russell Investments Group Ltd. now owns 1,155,203 shares of the insurance provider's stock worth $99,219,000 after purchasing an additional 357,443 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its stake in shares of American International Group by 5.9% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 195,097 shares of the insurance provider's stock valued at $16,866,000 after purchasing an additional 10,798 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

AIG traded up $0.45 during midday trading on Monday, hitting $80.46. 3,329,715 shares of the company traded hands, compared to its average volume of 4,558,880. The company's 50-day moving average is $81.80 and its 200 day moving average is $81.40. 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 firm has a market capitalization of $44.58 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 0.86 and a beta 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 issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $6.81 billion. During the same quarter in the prior year, the firm earned $1.16 earnings per share. On average, research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

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 $0.45 dividend. The ex-dividend date of this dividend 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 presently 34.09%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley raised their price objective on shares of American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Wall Street Zen upgraded American International Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods reduced their price target on American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Citigroup initiated coverage on American International Group in a research report on Wednesday, August 13th. They set a "neutral" rating and a $85.00 price objective for the company. Finally, William Blair upgraded shares of American International Group to a "strong-buy" rating in a report on Friday, August 1st. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $88.27.

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.