National Pension Service Raises Stake in American International Group, Inc. (NYSE:AIG)

Key Points

• The National Pension Service increased its stake in American International Group, Inc. (AIG) by 3.4%, owning 1,466,153 shares valued at about $127.47 million as of the end of the most recent quarter.
• AIG's stock has a 52-week range between $69.24 and $88.07, with an average target price set at $88.27 according to analysts.
• The company recently announced a quarterly dividend of $0.45, translating to an annualized yield of 2.3%, with a payout ratio of 34.09%.

National Pension Service increased its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 3.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,466,153 shares of the insurance provider's stock after purchasing an additional 48,417 shares during the quarter. National Pension Service owned 0.25% of American International Group worth $127,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AIG. Wealth Enhancement Advisory Services LLC lifted its holdings in American International Group by 175.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock valued at $15,807,000 after acquiring an additional 115,706 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in American International Group by 2.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider's stock valued at $1,445,000 after acquiring an additional 355 shares during the period. IFP Advisors Inc lifted its holdings in American International Group by 34.9% in the first quarter. IFP Advisors Inc now owns 2,882 shares of the insurance provider's stock valued at $251,000 after acquiring an additional 745 shares during the period. GAMMA Investing LLC lifted its holdings in American International Group by 18.6% in the first quarter. GAMMA Investing LLC now owns 13,187 shares of the insurance provider's stock valued at $1,146,000 after acquiring an additional 2,069 shares during the period. Finally, AIA Group Ltd lifted its holdings in American International Group by 169.6% in the first quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider's stock valued at $901,000 after acquiring an additional 6,523 shares during the period. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Price Performance

Shares of AIG traded down $0.20 during trading hours on Friday, hitting $80.11. 3,437,812 shares of the stock were exchanged, compared to its average volume of 4,299,072. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07. The company has a market cap of $44.38 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 0.86 and a beta of 0.63. The stock's 50-day moving average price is $81.80 and its two-hundred day moving average price is $81.36.

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. American International Group had a return on equity of 7.88% and a net margin of 11.51%. The firm had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.81 billion. During the same period in the previous year, the business earned $1.16 earnings per share. Research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 16th. American International Group's payout ratio is presently 34.09%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AIG shares. Barclays boosted their price target on American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Wall Street Zen raised American International Group from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. William Blair raised American International Group to a "strong-buy" rating in a research note on Friday, August 1st. Cfra Research raised American International Group to a "moderate buy" rating in a research note on Monday, August 11th. Finally, Wells Fargo & Company upped their target price on American International Group from $81.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.