Credit Agricole S A Raises Stock Holdings in American International Group, Inc. $AIG

Key Points

• Credit Agricole S A increased its stake in American International Group, Inc. by 9.8%, holding a total of 185,475 shares valued at approximately $16.1 million as of the last reporting period.
• Several other hedge funds also increased their positions in AIG during the first quarter, indicating strong institutional interest, with hedge funds collectively owning 90.60% of the company's stock.
• AIG recently declared a quarterly dividend of $0.45 per share, reflecting an annualized dividend yield of 2.2%, with payments scheduled for September 30th.

Credit Agricole S A boosted its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 9.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,475 shares of the insurance provider's stock after purchasing an additional 16,511 shares during the quarter. Credit Agricole S A's holdings in American International Group were worth $16,125,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. AIA Group Ltd boosted its position in American International Group by 169.6% during the first quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider's stock worth $901,000 after purchasing an additional 6,523 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of American International Group by 175.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock valued at $15,807,000 after acquiring an additional 115,706 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of American International Group by 2.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider's stock valued at $1,445,000 after acquiring an additional 355 shares during the last quarter. Townsquare Capital LLC raised its holdings in shares of American International Group by 5.4% during the first quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider's stock valued at $10,009,000 after acquiring an additional 5,899 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of American International Group by 34.9% during the first quarter. IFP Advisors Inc now owns 2,882 shares of the insurance provider's stock valued at $251,000 after acquiring an additional 745 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

Wall Street Analyst Weigh In

AIG has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Citigroup initiated coverage on American International Group in a report on Wednesday, August 13th. They set a "neutral" rating and a $85.00 target price for the company. Keefe, Bruyette & Woods reduced their target price on American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Cfra Research raised American International Group to a "moderate buy" rating in a report on Monday, August 11th. Finally, William Blair raised American International Group to a "strong-buy" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, American International Group has a consensus rating of "Moderate Buy" and an average target price of $88.27.

American International Group Price Performance

NYSE:AIG opened at $82.4490 on Thursday. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $45.68 billion, a PE ratio of 15.62, a P/E/G ratio of 0.87 and a beta of 0.63. The stock has a 50 day moving average price of $81.61 and a 200 day moving average price of $81.45.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion during 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 quarter last year, the firm earned $1.16 earnings per share. Equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 2.2%. The ex-dividend date is Tuesday, September 16th. American International Group's dividend payout ratio (DPR) is currently 34.09%.

American International Group Company 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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