Callan Family Office LLC Raises Holdings in American International Group, Inc. $AIG

Key Points

• Callan Family Office LLC significantly increased its stake in American International Group, Inc. by 303.4% during the second quarter, now holding 24,782 shares valued at $2,121,000.
• Hedge funds and institutional investors collectively own 90.60% of American International Group's stock, indicating strong institutional support.
• American International Group's recent quarterly earnings exceeded expectations, with earnings per share at $1.81 against an estimate of $1.60, although revenue fell short of projections.

Callan Family Office LLC grew its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 303.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,782 shares of the insurance provider's stock after purchasing an additional 18,639 shares during the quarter. Callan Family Office LLC's holdings in American International Group were worth $2,121,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. GQG Partners LLC grew 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 worth $1,643,995,000 after purchasing an additional 18,852,949 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of American International Group by 20.4% during the first quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider's stock worth $974,840,000 after buying an additional 1,901,998 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of American International Group by 22.8% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider's stock worth $792,340,000 after buying an additional 1,694,290 shares during the period. Nuveen LLC acquired a new stake in shares of American International Group during the first quarter worth about $440,273,000. Finally, AQR Capital Management LLC boosted its stake in shares of American International Group by 184.4% during the first quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider's stock worth $287,214,000 after buying an additional 2,162,545 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Price Performance

Shares of NYSE:AIG opened at $81.34 on Friday. The company has a 50-day moving average price of $79.80 and a 200 day moving average price of $81.66. American International Group, Inc. has a 52 week low of $69.24 and a 52 week high of $88.07. 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 has a market cap of $45.06 billion, a P/E ratio of 15.41, a PEG ratio of 0.86 and a beta of 0.68.

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 (EPS) 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 during the quarter, compared to the consensus estimate of $6.81 billion. During the same period last year, the firm earned $1.16 EPS. Research analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, September 16th. American International Group's dividend payout ratio (DPR) is presently 34.09%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AIG shares. Jefferies Financial Group increased their target price on shares of American International Group from $96.00 to $99.00 and gave the stock a "buy" rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods decreased their target price on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. Wolfe Research started coverage on shares of American International Group in a research note on Tuesday, September 16th. They set a "peer perform" rating for the company. Morgan Stanley decreased their target price on shares of American International Group from $85.00 to $84.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 7th. Finally, UBS Group raised their price objective on shares of American International Group from $90.00 to $94.00 and gave the company a "buy" rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.53.

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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