Caxton Associates LLP Acquires Shares of 39,305 American International Group, Inc. $AIG

Key Points

• Caxton Associates LLP has made a new investment of approximately $3.42 million in American International Group, Inc. (NYSE:AIG), acquiring 39,305 shares in the first quarter.
• Several institutional investors have significantly increased their stakes in AIG, with the majority of the company—90.60%—owned by such investors.
• American International Group recently declared a quarterly dividend of $0.45 per share, reflecting a 2.3% dividend yield for investors receiving the payment on September 30th.

Caxton Associates LLP purchased a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 39,305 shares of the insurance provider's stock, valued at approximately $3,417,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sachetta LLC lifted its stake in American International Group by 194.5% during the first quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock worth $33,000 after purchasing an additional 249 shares during the last quarter. Ameriflex Group Inc. purchased a new position in shares of American International Group in the fourth quarter worth about $29,000. Hemington Wealth Management increased its holdings in shares of American International Group by 42.8% in the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider's stock worth $41,000 after buying an additional 142 shares during the period. WPG Advisers LLC purchased a new position in shares of American International Group in the first quarter worth about $47,000. Finally, NBC Securities Inc. purchased a new position in shares of American International Group in the first quarter worth about $47,000. Institutional investors own 90.60% of the company's stock.

American International Group Trading Up 0.2%

NYSE:AIG traded up $0.18 during mid-day trading on Friday, reaching $78.90. 4,745,761 shares of the company's stock traded hands, compared to its average volume of 4,486,997. The company has a 50 day moving average price of $80.41 and a 200-day moving average price of $82.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $43.71 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.83 and a beta of 0.70. 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 data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.21. The business had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same period in the previous year, the firm posted $1.16 EPS. On average, sell-side analysts predict that American International Group, Inc. will post 6.24 earnings per share 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. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 16th. American International Group's payout ratio is presently 34.09%.

Analyst Ratings Changes

Several research analysts have recently commented on AIG shares. Morgan Stanley lifted their price objective on American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Citigroup started coverage on American International Group in a report on Wednesday, August 13th. They issued a "neutral" rating and a $85.00 price objective on the stock. Keefe, Bruyette & Woods decreased their price objective on American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Cantor Fitzgerald upgraded American International Group to a "hold" rating in a report on Tuesday, August 12th. Finally, Cfra Research upgraded American International Group to a "moderate buy" rating in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, American International Group has an average rating of "Moderate Buy" and a consensus price target of $88.27.

American International Group 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.