Knights of Columbus Asset Advisors LLC Boosts Position in American International Group, Inc. $AIG

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in American International Group (AIG) by 11.0%, bringing its total holdings to 127,081 shares valued at $10.88 million.
• Analysts have set a consensus price target of $88.31 for AIG, with ratings ranging from "Strong Buy" to "Hold," indicating a generally positive outlook for the stock.
• AIG disclosed a quarterly dividend of $0.45 per share, resulting in an annualized yield of 2.2% and a dividend payout ratio of 34.09%.

Knights of Columbus Asset Advisors LLC boosted its position in American International Group, Inc. (NYSE:AIG - Free Report) by 11.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 127,081 shares of the insurance provider's stock after purchasing an additional 12,592 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in American International Group were worth $10,877,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC purchased a new position in American International Group during the fourth quarter valued at approximately $1,091,000. NBC Securities Inc. purchased a new position in shares of American International Group during the 1st quarter valued at $47,000. RFG Advisory LLC bought a new position in American International Group in the 1st quarter worth $217,000. Impact Capital Partners LLC bought a new position in American International Group in the 1st quarter worth $216,000. Finally, First Affirmative Financial Network purchased a new stake in American International Group in the 1st quarter worth $201,000. Institutional investors own 90.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Evercore ISI upped their price objective on American International Group from $89.00 to $90.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 1st. Wall Street Zen raised shares of American International Group from a "hold" rating to a "buy" rating in a report on Friday. Wolfe Research started coverage on shares of American International Group in a report on Tuesday, September 16th. They issued a "peer perform" rating on the stock. Piper Sandler cut their target price on shares of American International Group from $96.00 to $88.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, William Blair upgraded shares of American International Group to a "strong-buy" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.31.

American International Group Price Performance

American International Group stock opened at $81.05 on Monday. 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. The firm's fifty day moving average is $79.30 and its 200 day moving average is $81.67. The company has a market cap of $44.90 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 0.87 and a beta of 0.68.

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

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 16th. American International Group's dividend payout ratio (DPR) is presently 34.09%.

American International Group Company 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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