American International Group, Inc. $AIG Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in American International Group, Inc. (AIG) by 0.2%, owning 6,929,958 shares valued at approximately $602 million as per the latest SEC filing.
• Other significant institutional investors, such as GQG Partners LLC and Russell Investments Group Ltd., made notable increases in their AIG holdings, with GQG Partners growing its position by over 33,000% this quarter.
• AIG announced a quarterly dividend of $0.45 per share, representing an annualized yield of 2.2%, to be paid on September 30th to stockholders on record as of September 16th.

Dimensional Fund Advisors LP boosted its position in American International Group, Inc. (NYSE:AIG - Free Report) by 0.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,929,958 shares of the insurance provider's stock after purchasing an additional 14,553 shares during the quarter. Dimensional Fund Advisors LP owned about 1.20% of American International Group worth $602,299,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. AIA Group Ltd raised its position in shares of American International Group by 169.6% in the first quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider's stock valued at $901,000 after buying an additional 6,523 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in American International Group by 175.0% in 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 buying an additional 115,706 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of American International Group by 2.2% during the 1st 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 in the last quarter. Townsquare Capital LLC lifted its stake 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 worth $10,009,000 after purchasing an additional 5,899 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in American International Group by 34.9% in the 1st quarter. IFP Advisors Inc now owns 2,882 shares of the insurance provider's stock worth $251,000 after acquiring an additional 745 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of NYSE:AIG traded up $1.1590 on Wednesday, reaching $82.4490. 3,424,105 shares of the company's stock were exchanged, compared to its average volume of 4,309,755. The business's 50-day moving average is $81.61 and its two-hundred day moving average is $81.45. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The firm has a market capitalization of $45.68 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 0.87 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share 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 business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. As a group, equities research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 16th. American International Group's dividend payout ratio is presently 34.09%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AIG. Wall Street Zen raised shares of American International Group from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. William Blair upgraded American International Group to a "strong-buy" rating in a research note on Friday, August 1st. Citigroup started coverage on American International Group in a research report on Wednesday, August 13th. They set a "neutral" rating and a $85.00 target price on the stock. Cantor Fitzgerald raised American International Group to a "hold" rating in a report on Tuesday, August 12th. Finally, Barclays raised their price objective on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, American International Group has a consensus rating of "Moderate Buy" and an average 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.