American International Group, Inc. $AIG Shares Bought by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in American International Group (AIG) by 8.8%, acquiring 11,321 shares and bringing its total holdings to 139,313 shares worth approximately $12.1 million.
• Major investors like GQG Partners LLC and Bank of New York Mellon Corp significantly increased their holdings in AIG during the first quarter, with GQG Partners boosting its stake by an astounding 33,315% to nearly 18.9 million shares.
• AIG recently reported earnings of $1.81 per share for the last quarter, surpassing estimates, and announced a quarterly dividend of $0.45 per share, which reflects a 2.2% dividend yield.

Federation des caisses Desjardins du Quebec lifted its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 8.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 139,313 shares of the insurance provider's stock after purchasing an additional 11,321 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in American International Group were worth $12,113,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AIG. GQG Partners LLC increased its holdings in American International Group by 33,315.0% in the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider's stock worth $1,643,995,000 after buying an additional 18,852,949 shares during the period. Nuveen LLC acquired a new position in American International Group in the 1st quarter worth approximately $440,273,000. Raymond James Financial Inc. increased its holdings in American International Group by 151.6% in the 1st quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider's stock worth $285,682,000 after buying an additional 1,980,001 shares during the period. Bank of New York Mellon Corp increased its holdings in American International Group by 20.4% in the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider's stock worth $974,840,000 after buying an additional 1,901,998 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in American International Group by 22.8% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider's stock worth $792,340,000 after buying an additional 1,694,290 shares during the period. Institutional investors and hedge funds own 90.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AIG shares. Cantor Fitzgerald upgraded shares of American International Group to a "hold" rating in a report on Tuesday, August 12th. Cfra Research raised shares of American International Group to a "moderate buy" rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods dropped their price objective on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Wall Street Zen cut shares of American International Group from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, William Blair raised shares of American International Group to a "strong-buy" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, American International Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.27.

American International Group Trading Down 3.1%

Shares of NYSE AIG traded down $2.56 during trading on Friday, hitting $79.17. 4,665,642 shares of the company were exchanged, compared to its average volume of 3,544,298. 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 quick ratio of 0.63 and a current ratio of 0.63. The company has a fifty day moving average price of $80.86 and a 200-day moving average price of $82.08. The firm has a market capitalization of $43.86 billion, a PE ratio of 15.00, a P/E/G ratio of 0.84 and a beta of 0.70.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping 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 business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same quarter in the previous year, the firm earned $1.16 EPS. As a group, equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 of this dividend is Tuesday, September 16th. American International Group's payout ratio is 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.