Focus Partners Wealth Has $2.55 Million Holdings in American International Group, Inc. $AIG

Key Points

• Focus Partners Wealth increased its holdings in American International Group, Inc. by 100.4%, acquiring a total of 29,270 shares valued at $2.55 million.
• American International Group reported an EPS of $1.81 for the last quarter, surpassing analysts' expectations of $1.60 and reflecting a year-on-year growth from $1.16 EPS.
• The company declared a quarterly dividend of $0.45 per share, with the ex-dividend date set for September 16, offering an annualized dividend yield of 2.3%.

Focus Partners Wealth boosted its position in American International Group, Inc. (NYSE:AIG - Free Report) by 100.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,270 shares of the insurance provider's stock after buying an additional 14,664 shares during the quarter. Focus Partners Wealth's holdings in American International Group were worth $2,545,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. bought a new stake in shares of American International Group in the fourth quarter valued at about $29,000. Sachetta LLC lifted its stake 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 buying an additional 249 shares during the period. Hemington Wealth Management lifted its stake 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 during the period. NBC Securities Inc. bought a new stake in shares of American International Group in the first quarter valued at about $47,000. Finally, WPG Advisers LLC bought a new stake in shares of American International Group in the first quarter valued at about $47,000. 90.60% of the stock is owned by institutional investors.

American International Group Stock Down 2.4%

Shares of NYSE AIG opened at $77.01 on Tuesday. The stock has a market cap of $42.66 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.84 and a beta of 0.70. The firm has a 50 day moving average price of $80.22 and a 200 day moving average price of $82.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. American International Group, Inc. has a 52-week low of $69.24 and a 52-week high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.21. The firm had revenue of $6.77 billion during the quarter, compared to analysts' expectations 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 quarter in the previous year, the company earned $1.16 earnings per share. Analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group's payout ratio is presently 34.09%.

Analyst Ratings Changes

AIG has been the subject of a number of analyst reports. Citigroup initiated coverage on shares of American International Group in a report on Wednesday, August 13th. They set a "neutral" rating and a $85.00 price objective for the company. Cantor Fitzgerald raised shares of American International Group to a "hold" rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of American International Group from a "hold" rating to a "buy" rating in a report on Monday. Keefe, Bruyette & Woods reduced their price objective on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Finally, William Blair raised shares of American International Group to a "strong-buy" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, American International Group currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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