CHURCHILL MANAGEMENT Corp Boosts Stock Position in American International Group, Inc. $AIG

Key Points

• CHURCHILL MANAGEMENT Corp increased its stake in American International Group, Inc. by 2.8%, owning 179,565 shares valued at approximately $15.37 million.
• AIG recently announced a quarterly dividend of $0.45 per share, resulting in a 2.3% dividend yield and a payout ratio of 34.09%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for AIG, with a consensus price target of $88.33.

CHURCHILL MANAGEMENT Corp increased its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,565 shares of the insurance provider's stock after buying an additional 4,885 shares during the period. CHURCHILL MANAGEMENT Corp's holdings in American International Group were worth $15,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sachetta LLC lifted its holdings in American International Group by 194.5% during the first quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 249 shares in the last quarter. Hemington Wealth Management boosted its holdings in American International Group by 42.8% in the 1st 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 last quarter. NBC Securities Inc. purchased a new stake in American International Group during the 1st quarter worth approximately $47,000. WPG Advisers LLC acquired a new position in shares of American International Group during the first quarter valued at approximately $47,000. Finally, SouthState Corp lifted its position in shares of American International Group by 798.5% in the first quarter. SouthState Corp now owns 584 shares of the insurance provider's stock valued at $51,000 after acquiring an additional 519 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wolfe Research began coverage on American International Group in a research note on Tuesday, September 16th. They issued a "peer perform" rating for the company. Evercore ISI raised their price target on shares of American International Group from $89.00 to $90.00 and gave the stock an "in-line" rating in a research note on Wednesday. Wall Street Zen cut shares of American International Group from a "buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. Citigroup started coverage on shares of American International Group in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $85.00 target price on the stock. Finally, Cfra Research upgraded American International Group to a "moderate buy" rating in a report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.33.

American International Group Trading Up 1.5%

NYSE AIG opened at $79.71 on Thursday. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. 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's 50-day moving average is $79.27 and its two-hundred day moving average is $81.75. The stock has a market capitalization of $44.16 billion, a P/E ratio of 15.10, a PEG ratio of 0.84 and a beta of 0.68.

American International Group (NYSE:AIG - Get Free Report) last announced its 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. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned $1.16 earnings per share. On average, sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 16th. American International Group's dividend payout ratio (DPR) is presently 34.09%.

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.

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