MBB Public Markets I LLC Buys Shares of 3,772 American International Group, Inc. $AIG

Key Points

• MBB Public Markets I LLC acquired a new stake of 3,772 shares in American International Group, Inc. (AIG), valued at approximately $328,000, during the first quarter.
• AIG recently announced a quarterly dividend of $0.45 per share, which will be paid on September 30th, with an annualized yield of 2.3%.
• Analysts have mixed ratings on AIG shares, with an average rating of "Moderate Buy" and a consensus price target of $88.27.

MBB Public Markets I LLC bought a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,772 shares of the insurance provider's stock, valued at approximately $328,000.

Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC purchased a new position in shares of American International Group during the fourth quarter worth approximately $1,091,000. Baird Financial Group Inc. raised its stake in shares of American International Group by 6.6% during the fourth quarter. Baird Financial Group Inc. now owns 38,128 shares of the insurance provider's stock worth $2,776,000 after acquiring an additional 2,350 shares in the last quarter. Focus Partners Wealth raised its stake in shares of American International Group by 19.2% during the fourth quarter. Focus Partners Wealth now owns 14,606 shares of the insurance provider's stock worth $1,063,000 after acquiring an additional 2,350 shares in the last quarter. Gotham Asset Management LLC raised its stake in shares of American International Group by 8.2% during the fourth quarter. Gotham Asset Management LLC now owns 23,402 shares of the insurance provider's stock worth $1,704,000 after acquiring an additional 1,780 shares in the last quarter. Finally, Lighthouse Investment Partners LLC raised its stake in shares of American International Group by 163.2% during the fourth quarter. Lighthouse Investment Partners LLC now owns 128,813 shares of the insurance provider's stock worth $9,378,000 after acquiring an additional 79,867 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Down 0.6%

Shares of American International Group stock opened at $78.77 on Tuesday. 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's fifty day simple moving average is $80.72 and its two-hundred day simple moving average is $82.14. The company has a market cap of $43.64 billion, a P/E ratio of 14.92, a PEG ratio of 0.84 and a beta of 0.70. American International Group, Inc. has a 12-month low of $69.24 and a 12-month 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 business had revenue of $6.77 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $1.16 EPS. Research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently disclosed 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 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 presently 34.09%.

Analysts Set New Price Targets

Several research analysts recently commented on AIG shares. William Blair raised shares of American International Group to a "strong-buy" rating in a research note on Friday, August 1st. Morgan Stanley lifted their target price on shares of American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Cfra Research raised shares of American International Group to a "moderate buy" rating in a research note on Monday, August 11th. Wall Street Zen downgraded shares of American International Group from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Keefe, Bruyette & Woods decreased their target price on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.

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