American International Group, Inc. $AIG Shares Acquired by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in American International Group, Inc. by 224.1% in the first quarter, bringing their total shares to 12,260, valued at approximately $1,066,000.
• American International Group recently reported a quarterly earnings per share of $1.81, exceeding the consensus estimate of $1.60, while its revenue was $6.77 billion, slightly below expectations.
• The company declared a quarterly dividend of $0.45 to be paid on September 30th, representing an annualized yield of 2.2% and a payout ratio of 34.09%.

Focus Partners Advisor Solutions LLC lifted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 224.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 12,260 shares of the insurance provider's stock after buying an additional 8,477 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in American International Group were worth $1,066,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sachetta LLC boosted its position in shares of American International Group by 194.5% in the first 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 period. Ameriflex Group Inc. acquired a new stake in American International Group in the fourth quarter worth about $29,000. Hemington Wealth Management increased its position in shares of American International Group by 42.8% in the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider's stock valued at $41,000 after buying an additional 142 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of American International Group in the 1st quarter valued at $47,000. Finally, NBC Securities Inc. purchased a new position in shares of 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

AIG traded down $0.39 during trading on Monday, hitting $78.83. The stock had a trading volume of 2,795,075 shares, compared to its average volume of 4,486,065. 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 company has a 50 day simple moving average of $80.86 and a 200-day simple moving average of $82.12. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The firm has a market cap of $43.67 billion, a PE ratio of 14.93, a P/E/G ratio of 0.84 and a beta of 0.70.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.21. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same period last year, the business posted $1.16 earnings per share. Analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 16th. American International Group's dividend payout ratio (DPR) is presently 34.09%.

Analyst Ratings Changes

AIG has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Citigroup began 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 objective for the company. Cfra Research raised shares of American International Group to a "moderate buy" rating in a research note on Monday, August 11th. William Blair raised American International Group to a "strong-buy" rating in a research note on Friday, August 1st. Finally, Cantor Fitzgerald raised American International Group to a "hold" rating in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.