Munich Reinsurance Co Stock Corp in Munich Raises Stock Holdings in American International Group, Inc. $AIG

Key Points

• Munich Re increased its AIG stake by 16.3% in the second quarter, acquiring 123,401 additional shares for a total holding of 882,336 shares valued at approximately $65.8 million. Institutional investors collectively own 90.6% of AIG.
• Analyst sentiment remains mixed, with eight Buy ratings and twelve Hold ratings, resulting in a consensus “Hold” rating and an average price target of $88.37. AIG recently reported quarterly EPS of $2.00, exceeding the $1.92 consensus estimate, despite revenue falling short of forecasts.
• AIG declared a quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a 2.6% yield. CEO Peter Zaffino separately sold 36,829 shares under a pre-arranged Rule 10b5-1 trading plan.

Munich Reinsurance Co Stock Corp in Munich grew its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 16.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 882,336 shares of the insurance provider's stock after buying an additional 123,401 shares during the period. American International Group accounts for 1.5% of Munich Reinsurance Co Stock Corp in Munich's portfolio, making the stock its 23rd biggest holding. Munich Reinsurance Co Stock Corp in Munich owned 0.17% of American International Group worth $65,761,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in American International Group in the 4th quarter worth $636,782,000. Lee Danner & Bass Inc. lifted its position in shares of American International Group by 194.2% in the first quarter. Lee Danner & Bass Inc. now owns 33,781 shares of the insurance provider's stock valued at $2,542,000 after acquiring an additional 22,300 shares in the last quarter. Swiss National Bank grew its position in shares of American International Group by 4.3% during the first quarter. Swiss National Bank now owns 1,583,564 shares of the insurance provider's stock worth $119,163,000 after purchasing an additional 65,400 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in American International Group by 4.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,156,343 shares of the insurance provider's stock valued at $97,445,000 after purchasing an additional 50,775 shares during the period. Finally, Generali Asset Management SPA SGR lifted its holdings in American International Group by 493.8% in the 4th quarter. Generali Asset Management SPA SGR now owns 41,083 shares of the insurance provider's stock worth $3,515,000 after purchasing an additional 34,164 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Argus reiterated a "buy" rating and set a $90.00 price objective on shares of American International Group in a research report on Wednesday. Barclays lifted their price target on shares of American International Group from $80.00 to $81.00 and gave the company an "equal weight" rating in a report on Friday, August 7th. HSBC dropped their price objective on shares of American International Group from $94.00 to $88.00 and set a "buy" rating for the company in a report on Monday, July 6th. Wells Fargo & Company reduced their target price on American International Group from $89.00 to $85.00 and set an "equal weight" rating on the stock in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. boosted their target price on American International Group from $86.00 to $90.00 and gave the stock a "neutral" rating in a research report on Monday, July 20th. Eight investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, American International Group presently has a consensus rating of "Hold" and an average target price of $88.37.

Insiders Place Their Bets

In related news, insider Peter Zaffino sold 36,829 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $76.14, for a total value of $2,804,160.06. Following the completion of the sale, the insider directly owned 556,004 shares in the company, valued at $42,334,144.56. This trade represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company's stock.

American International Group Stock Performance

American International Group stock opened at $76.18 on Friday. The company's 50-day moving average price is $77.96 and its 200-day moving average price is $76.99. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The company has a market cap of $39.83 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 0.86 and a beta of 0.50. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $87.29.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The insurance provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.92 by $0.08. American International Group had a return on equity of 11.05% and a net margin of 11.13%.The company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.25 billion. During the same quarter last year, the business posted $1.81 earnings per share. On average, equities research analysts forecast that American International Group, Inc. will post 8.02 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. American International Group's payout ratio is currently 36.56%.

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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