MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $68.37 Million Holdings in American International Group, Inc. $AIG

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its holdings in American International Group ($AIG) by 2.9% in the second quarter, retaining approximately $68.37 million worth of shares.
• The company recently reported an EPS of $1.81 for the quarter, surpassing the consensus estimate of $1.60, with a total revenue of $6.77 billion.
• A quarterly dividend of $0.45 has been declared, with an annualized yield of 2.3%, scheduled for payment on September 30th.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 2.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 798,852 shares of the insurance provider's stock after selling 23,546 shares during the quarter. American International Group accounts for about 1.9% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's investment portfolio, making the stock its 12th largest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned 0.14% of American International Group worth $68,374,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AIG. GQG Partners LLC lifted its holdings in shares of American International Group by 33,315.0% during the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider's stock valued at $1,643,995,000 after buying an additional 18,852,949 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of American International Group by 20.4% during the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider's stock valued at $974,840,000 after buying an additional 1,901,998 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of American International Group by 22.8% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider's stock valued at $792,340,000 after buying an additional 1,694,290 shares during the last quarter. Nuveen LLC acquired a new stake in shares of American International Group during the 1st quarter valued at about $440,273,000. Finally, AQR Capital Management LLC lifted its holdings in shares of American International Group by 184.4% during the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider's stock valued at $287,214,000 after buying an additional 2,162,545 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of NYSE AIG opened at $77.87 on Thursday. 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 business's 50 day moving average is $79.52 and its two-hundred day moving average is $81.87. The company has a market cap of $43.14 billion, a P/E ratio of 14.75, a P/E/G ratio of 0.82 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 results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business posted $1.16 EPS. On average, equities analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm 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 $0.45 dividend. 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 payout ratio is currently 34.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AIG shares. Wolfe Research started coverage on American International Group in a report on Tuesday, September 16th. They set a "peer perform" rating for the company. Citigroup initiated coverage on American International Group in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $85.00 price objective on the stock. William Blair raised American International Group to a "strong-buy" rating in a research note on Friday, August 1st. Wall Street Zen downgraded American International Group from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Cantor Fitzgerald raised 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 ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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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