PFS Partners LLC Has $5.99 Million Stock Holdings in American International Group, Inc. $AIG

Key Points

• PFS Partners LLC increased its stake in American International Group, Inc. by 16.7% during Q2, owning 70,011 shares valued at approximately $5.99 million.
• American International Group recently reported an earnings per share (EPS) of $1.81, exceeding analysts' expectations of $1.60, with a revenue of $6.77 billion.
• The company announced a quarterly dividend of $0.45, representing an annual yield of 2.3%, with the dividend payout ratio currently at 34.09%.

PFS Partners LLC raised its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 16.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,011 shares of the insurance provider's stock after purchasing an additional 10,000 shares during the quarter. American International Group accounts for 3.0% of PFS Partners LLC's portfolio, making the stock its 13th largest holding. PFS Partners LLC's holdings in American International Group were worth $5,992,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. AIA Group Ltd boosted its stake in American International Group by 169.6% in the 1st quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider's stock valued at $901,000 after buying an additional 6,523 shares in the last quarter. Townsquare Capital LLC boosted its stake in shares of American International Group by 5.4% in the 1st quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider's stock valued at $10,009,000 after purchasing an additional 5,899 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of American International Group by 175.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock worth $15,807,000 after purchasing an additional 115,706 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of American International Group by 2.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider's stock worth $1,445,000 after purchasing an additional 355 shares in the last quarter. Finally, Perpetual Ltd lifted its holdings in American International Group by 3.2% during the 2nd quarter. Perpetual Ltd now owns 449,661 shares of the insurance provider's stock valued at $38,486,000 after purchasing an additional 14,137 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on AIG shares. Keefe, Bruyette & Woods decreased their price objective 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. William Blair upgraded American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Wolfe Research started coverage on American International Group in a research report on Tuesday, September 16th. They issued a "peer perform" rating for the company. Cantor Fitzgerald upgraded American International Group to a "hold" rating in a report on Tuesday, August 12th. Finally, Citigroup began coverage on American International Group in a report on Wednesday, August 13th. They issued a "neutral" rating and a $85.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $88.27.

American International Group Trading Up 1.2%

AIG stock opened at $78.00 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a twelve month low of $69.24 and a twelve month high of $88.07. The company has a market cap of $43.21 billion, a P/E ratio of 14.77, a PEG ratio of 0.82 and a beta of 0.70. The business has a fifty day moving average of $79.38 and a 200-day moving average of $81.81.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $6.81 billion. During the same period last year, the company earned $1.16 earnings per share. As a group, equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group's dividend payout ratio (DPR) is presently 34.09%.

American International Group Company 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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