Munich Reinsurance Co Stock Corp in Munich Makes New $77.05 Million Investment in American International Group, Inc. $AIG

Key Points

• Munich Reinsurance Co Stock Corp in Munich acquired a new stake of 981,082 shares in AIG valued at approximately $77.05 million in the third quarter, making it Munich Re's eighth-largest position and about 0.18% of AIG.
• AIG trades near $78.72 with a market cap of $42.24 billion and a P/E of 14.52; it reported quarterly EPS of $1.96 (above estimates) and declared a quarterly dividend of $0.45 (annualized $1.80, ~2.3% yield).

Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 981,082 shares of the insurance provider's stock, valued at approximately $77,054,000. American International Group makes up about 1.9% of Munich Reinsurance Co Stock Corp in Munich's holdings, making the stock its 8th biggest position. Munich Reinsurance Co Stock Corp in Munich owned 0.18% of American International Group at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in American International Group by 11.6% during the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider's stock worth $5,378,635,000 after purchasing an additional 7,117,583 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of American International Group by 6.1% in the second quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider's stock worth $1,072,969,000 after buying an additional 716,209 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in shares of American International Group by 4.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider's stock valued at $951,230,000 after buying an additional 499,330 shares in the last quarter. Norges Bank acquired a new position in American International Group during the second quarter valued at $787,724,000. Finally, Raymond James Financial Inc. lifted its stake in American International Group by 4.4% in the 2nd quarter. Raymond James Financial Inc. now owns 3,429,324 shares of the insurance provider's stock worth $293,516,000 after acquiring an additional 143,361 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Trading Down 1.7%

Shares of NYSE AIG opened at $78.72 on Friday. The business has a 50 day simple moving average of $77.54 and a 200 day simple moving average of $78.95. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $88.07. The stock has a market cap of $42.24 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 0.62 and a beta of 0.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The firm had revenue of $6.55 billion during the quarter, compared to analysts' expectations of $6.99 billion. During the same period in the previous year, the company earned $1.30 earnings per share. On average, research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group's payout ratio is currently 33.21%.

Analyst Ratings Changes

AIG has been the topic of a number of research reports. Barclays dropped their target price on American International Group from $81.00 to $79.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 11th. HSBC boosted their price objective on shares of American International Group from $86.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, February 12th. Cantor Fitzgerald upped their price objective on shares of American International Group from $77.00 to $81.00 and gave the company a "neutral" rating in a research note on Tuesday, February 17th. TD Cowen lifted their target price on shares of American International Group from $86.00 to $90.00 and gave the company a "hold" rating in a research note on Tuesday, December 16th. Finally, Evercore lowered their price target on shares of American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $87.95.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.

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