Brandywine Global Investment Management LLC Acquires 9,905 Shares of American International Group, Inc. $AIG

Key Points

• Brandywine Global Investment Management LLC increased its stake in American International Group (AIG) by 3.5%, acquiring an additional 9,905 shares in Q1, bringing its total ownership to 289,348 shares valued at approximately $25.16 million.
• Institutional investors currently hold 90.60% of AIG's stock, with GQG Partners LLC significantly increasing its position by over 33,000% during the same quarter.
• AIG's recent earnings report showed a beat on EPS at $1.81, surpassing estimates, while analysts have a consensus rating of "Moderate Buy" with a target price of $88.27.

Brandywine Global Investment Management LLC boosted its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 3.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 289,348 shares of the insurance provider's stock after purchasing an additional 9,905 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.05% of American International Group worth $25,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinnacle Associates Ltd. raised its position in shares of American International Group by 1.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider's stock valued at $670,000 after purchasing an additional 122 shares during the period. Miracle Mile Advisors LLC increased its stake in American International Group by 1.6% in the 1st 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 in the last quarter. Western Pacific Wealth Management LP raised its holdings 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 valued at $493,000 after acquiring an additional 125 shares during the period. Montag A & Associates Inc. lifted its position in shares of American International Group by 0.7% in the first quarter. Montag A & Associates Inc. now owns 17,788 shares of the insurance provider's stock valued at $1,546,000 after acquiring an additional 130 shares in the last quarter. Finally, Carnegie Investment Counsel lifted its position in shares of American International Group by 3.1% in the first quarter. Carnegie Investment Counsel now owns 4,311 shares of the insurance provider's stock valued at $375,000 after acquiring an additional 131 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

American International Group Trading Up 0.1%

AIG stock traded up $0.0450 during midday trading on Thursday, reaching $82.5750. 1,093,124 shares of the company traded hands, compared to its average volume of 4,517,557. The firm has a market capitalization of $45.75 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 0.87 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. The business has a 50 day moving average of $81.61 and a 200-day moving average of $81.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $6.81 billion. During the same quarter in the previous year, the business earned $1.16 EPS. As a group, sell-side analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced 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 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 dividend payout ratio is currently 34.09%.

Analysts Set New Price Targets

AIG has been the topic of several recent analyst reports. Barclays lifted their target price on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. William Blair raised shares of American International Group to a "strong-buy" rating in a report on Friday, August 1st. Morgan Stanley lifted their price objective on shares of American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Citigroup began coverage on shares of American International Group in a research report on Wednesday, August 13th. They set a "neutral" rating and a $85.00 target price for the company. Finally, Wall Street Zen raised shares of American International Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, American International Group currently has an average 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.