Jacobs Levy Equity Management Inc. Purchases Shares of 10,168 American International Group, Inc. $AIG

Key Points

• Jacobs Levy Equity Management Inc. acquired a new stake of 10,168 shares of American International Group, Inc. (NYSE:AIG), valued at approximately $884,000, in its recent SEC filing.
• American International Group has declared a quarterly dividend of $0.45 per share, set to be paid on September 30, with an annualized yield of 2.3%.
• Following its recent earnings report, AIG exceeded expectations with an EPS of $1.81, driven by a revenue of $6.77 billion, close to analysts' forecast.

Jacobs Levy Equity Management Inc. purchased a new stake in American International Group, Inc. (NYSE:AIG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,168 shares of the insurance provider's stock, valued at approximately $884,000.

Several other large investors have also recently bought and sold shares of the company. Pinnacle Associates Ltd. boosted its holdings in American International Group by 1.6% in the 1st quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider's stock valued at $670,000 after purchasing an additional 122 shares during the period. Miracle Mile Advisors LLC raised its holdings in shares of American International Group by 1.6% in the 1st quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider's stock valued at $704,000 after acquiring an additional 124 shares in the last quarter. Western Pacific Wealth Management LP raised its holdings in shares of American International Group by 2.3% in the 1st quarter. Western Pacific Wealth Management LP now owns 5,673 shares of the insurance provider's stock valued at $493,000 after acquiring an additional 125 shares in the last quarter. Montag A & Associates Inc. raised its holdings in shares of American International Group by 0.7% in the 1st quarter. Montag A & Associates Inc. now owns 17,788 shares of the insurance provider's stock valued at $1,546,000 after acquiring an additional 130 shares in the last quarter. Finally, Carnegie Investment Counsel raised its holdings in shares of American International Group by 3.1% in the 1st quarter. Carnegie Investment Counsel now owns 4,311 shares of the insurance provider's stock valued at $375,000 after acquiring an additional 131 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Price Performance

Shares of NYSE:AIG opened at $78.75 on Friday. The stock has a market cap of $43.63 billion, a PE ratio of 14.91, a PEG ratio of 0.83 and a beta of 0.70. The company's fifty day moving average is $80.41 and its 200 day moving average is $82.09. American International Group, Inc. has a 52 week low of $69.24 and a 52 week high of $88.07. The company has a quick ratio of 0.63, a current 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 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.21. The company had revenue of $6.77 billion for 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 last year, the company earned $1.16 EPS. Research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share 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. Shareholders 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 yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 16th. American International Group's payout ratio is 34.09%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Cantor Fitzgerald raised American International Group to a "hold" rating in a report on Tuesday, August 12th. Morgan Stanley raised their price target 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 assumed coverage on American International Group in a report on Wednesday, August 13th. They issued a "neutral" rating and a $85.00 price target on the stock. William Blair raised American International Group to a "strong-buy" rating in a report on Friday, August 1st. Finally, Cfra Research raised American International Group to a "moderate buy" rating in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, American International Group currently has a consensus 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.

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