Ferguson Wellman Capital Management Inc. Increases Stock Holdings in American International Group, Inc. $AIG

Key Points

• Ferguson Wellman Capital Management Inc. increased its stake in American International Group, Inc. by 2.5% during the second quarter, owning 608,207 shares worth approximately $52 million.
• A number of institutional investors have also significantly boosted their holdings in AIG, with GQG Partners LLC raising its position by 33,315% to own nearly 19 million shares valued at over $1.6 billion.
• American International Group announced a quarterly dividend of $0.45 per share, representing an annualized yield of 2.3%, with the ex-dividend date set for September 16th.

Ferguson Wellman Capital Management Inc. raised its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 2.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 608,207 shares of the insurance provider's stock after purchasing an additional 14,869 shares during the quarter. Ferguson Wellman Capital Management Inc. owned 0.11% of American International Group worth $52,056,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GQG Partners LLC lifted its position in American International Group by 33,315.0% in the first quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider's stock valued at $1,643,995,000 after purchasing an additional 18,852,949 shares during the last quarter. Bank of New York Mellon Corp lifted its position in American International Group by 20.4% in the first quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider's stock valued at $974,840,000 after purchasing an additional 1,901,998 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of American International Group by 22.8% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider's stock valued at $792,340,000 after acquiring an additional 1,694,290 shares in the last quarter. Nuveen LLC bought a new position in shares of American International Group during the first quarter valued at approximately $440,273,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of American International Group by 12.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,813,138 shares of the insurance provider's stock valued at $350,396,000 after acquiring an additional 519,715 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup assumed 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 lowered their price objective on American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Wall Street Zen raised American International Group from a "hold" rating to a "buy" rating in a research report on Monday, September 15th. Cantor Fitzgerald raised American International Group to a "hold" rating in a research report on Tuesday, August 12th. Finally, William Blair raised American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.27.

American International Group Price Performance

AIG traded down $0.64 on Monday, hitting $76.35. 1,330,870 shares of the company's stock traded hands, compared to its average volume of 4,572,764. The company's 50 day simple moving average is $79.77 and its 200-day simple moving average is $81.97. The firm has a market cap of $42.30 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 0.82 and a beta of 0.70. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate 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 company earned $1.16 EPS. As a group, research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, September 16th. American International Group's dividend payout ratio (DPR) is currently 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.