Czech National Bank Buys 4,596 Shares of American International Group, Inc. $AIG

Key Points

• The Czech National Bank increased its stake in American International Group (AIG) by 3.4% during the second quarter, holding a total of 140,875 shares valued at approximately $12.06 million.
• AIG has seen a positive shift in analyst ratings, with upgrades from firms like Wall Street Zen and William Blair, leading to a consensus average rating of "Moderate Buy" and a price target of $88.27.
• The company announced a quarterly dividend of $0.45 per share, representing an annualized dividend yield of 2.4%, with a payout ratio of 34.09%.

Czech National Bank increased its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,875 shares of the insurance provider's stock after purchasing an additional 4,596 shares during the quarter. Czech National Bank's holdings in American International Group were worth $12,057,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AIG. Sachetta LLC lifted its holdings in American International Group by 194.5% in the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 249 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in American International Group in the 4th quarter valued at about $29,000. Hemington Wealth Management lifted 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 valued at $41,000 after acquiring an additional 142 shares during the last quarter. WPG Advisers LLC acquired a new stake in American International Group in the 1st quarter valued at about $47,000. Finally, NBC Securities Inc. acquired a new stake in American International Group in the 1st quarter valued at about $47,000. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Performance

Shares of AIG traded down $1.06 during mid-day trading on Friday, hitting $76.97. The company's stock had a trading volume of 13,509,145 shares, compared to its average volume of 4,383,775. 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 firm has a market capitalization of $42.64 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 0.82 and a beta of 0.70. The stock's 50-day moving average is $79.77 and its two-hundred day moving average is $81.96.

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. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The company had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.81 billion. During the same period in the prior year, the business earned $1.16 earnings per share. As a group, sell-side analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 16th. American International Group's dividend payout ratio is presently 34.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AIG shares. Wolfe Research started coverage on shares of American International Group in a report on Tuesday, September 16th. They issued a "peer perform" rating for the company. Cantor Fitzgerald raised shares of American International Group to a "hold" rating in a report on Tuesday, August 12th. Citigroup started coverage on shares of American International Group in a report on Wednesday, August 13th. They issued a "neutral" rating and a $85.00 price target for the company. William Blair upgraded American International Group to a "strong-buy" rating in a report on Friday, August 1st. Finally, Keefe, Bruyette & Woods cut 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. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.