American International Group, Inc. $AIG Shares Acquired by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in American International Group, Inc. by 1.5%, acquiring an additional 3,823 shares, bringing its total holdings to 265,492 shares valued at approximately $23.08 million.
• American International Group recently announced a quarterly dividend of $0.45 per share, representing an annualized yield of 2.2% and a payout ratio of 34.09%.
• The company reported an EPS of $1.81 for the last quarter, exceeding analyst expectations of $1.60, despite revenue falling slightly short of estimates at $6.77 billion.

Edmond DE Rothschild Holding S.A. increased its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 1.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 265,492 shares of the insurance provider's stock after purchasing an additional 3,823 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in American International Group were worth $23,082,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Pinnacle Associates Ltd. boosted its stake in shares of American International Group by 1.6% in the 1st quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider's stock valued at $670,000 after purchasing an additional 122 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in American International Group by 1.6% during the 1st quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider's stock valued at $704,000 after buying an additional 124 shares during the period. Western Pacific Wealth Management LP boosted its position in American International Group by 2.3% during the 1st quarter. Western Pacific Wealth Management LP now owns 5,673 shares of the insurance provider's stock valued at $493,000 after buying an additional 125 shares during the period. Montag A & Associates Inc. boosted its position in American International Group by 0.7% during the 1st quarter. Montag A & Associates Inc. now owns 17,788 shares of the insurance provider's stock valued at $1,546,000 after buying an additional 130 shares during the period. Finally, Carnegie Investment Counsel boosted its position in American International Group by 3.1% during the 1st quarter. Carnegie Investment Counsel now owns 4,311 shares of the insurance provider's stock valued at $375,000 after buying an additional 131 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AIG. William Blair upgraded shares of American International Group to a "strong-buy" rating in a research note on Friday, August 1st. Cfra Research upgraded shares of American International Group to a "moderate buy" rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods cut their price target on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Morgan Stanley raised their price target on shares of American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Citigroup assumed coverage on shares of American International Group in a research report on Wednesday, August 13th. They set a "neutral" rating and a $85.00 price target for the company. Two 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 data from MarketBeat.com, American International Group currently has an average rating of "Moderate Buy" and a consensus price target of $88.27.

American International Group Price Performance

Shares of AIG traded up $0.06 during trading hours on Tuesday, reaching $78.83. The company had a trading volume of 1,982,552 shares, compared to its average volume of 4,487,220. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $80.72 and a 200-day simple moving average of $82.14. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07. The company has a market capitalization of $43.67 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 0.84 and a beta of 0.70.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping 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 period in the previous year, the firm posted $1.16 earnings per share. Research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 16th. American International Group's payout ratio is 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.