American International Group, Inc. $AIG Shares Bought by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC increased its stake in American International Group, Inc. (AIG) by 59.7%, acquiring an additional 4,420 shares during the first quarter, bringing its total holdings to 11,818 shares valued at approximately $1,027,000.
• Other institutional investors significantly raised their positions in AIG, with GQG Partners LLC increasing its stake by an impressive 33,315%, now owning 18,909,539 shares worth about $1.64 billion.
• AIG reported an earnings per share (EPS) of $1.81 for the last quarter, exceeding analyst expectations of $1.60, along with announcing a quarterly dividend of $0.45 per share to be paid on September 30th.

Great Lakes Advisors LLC increased its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 59.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,818 shares of the insurance provider's stock after acquiring an additional 4,420 shares during the period. Great Lakes Advisors LLC's holdings in American International Group were worth $1,027,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AIG. Caxton Associates LLP bought a new stake in shares of American International Group during the 1st quarter worth approximately $3,417,000. CTC Alternative Strategies Ltd. bought a new stake in shares of American International Group during the 1st quarter worth approximately $417,000. Kestra Investment Management LLC lifted its stake in shares of American International Group by 84.0% during the 1st quarter. Kestra Investment Management LLC now owns 2,848 shares of the insurance provider's stock worth $248,000 after acquiring an additional 1,300 shares during the last quarter. Teza Capital Management LLC purchased a new position in American International Group in the 1st quarter worth about $281,000. Finally, Scientech Research LLC increased its stake in American International Group by 30.8% in the 1st quarter. Scientech Research LLC now owns 12,172 shares of the insurance provider's stock worth $1,058,000 after buying an additional 2,866 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

AIG stock traded down $1.92 during trading on Monday, reaching $77.01. The company had a trading volume of 5,193,097 shares, compared to its average volume of 4,499,874. The company has a market cap of $42.66 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 0.84 and a beta of 0.70. American International Group, Inc. has a twelve month low of $69.24 and a twelve 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 firm has a 50-day simple moving average of $80.34 and a 200-day simple moving average of $82.13.

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, topping analysts' consensus estimates of $1.60 by $0.21. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates 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 business posted $1.16 EPS. As a group, sell-side analysts expect that American International Group, Inc. will post 6.24 earnings per share 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 given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 16th. American International Group's dividend payout ratio (DPR) is currently 34.09%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. William Blair raised shares of American International Group to a "strong-buy" rating in a research note on Friday, August 1st. Citigroup began coverage on shares of American International Group in a research note on Wednesday, August 13th. They set a "neutral" rating and a $85.00 price target for the company. Wall Street Zen raised shares of American International Group from a "hold" rating to a "buy" rating in a research note on Monday. Keefe, Bruyette & Woods decreased their price target on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. Finally, Cantor Fitzgerald raised shares of American International Group to a "hold" rating in a research note 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's stock. Based on data from MarketBeat, American International Group presently has a consensus rating of "Moderate Buy" and an average price target 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.