Robeco Institutional Asset Management B.V. Boosts Stake in American International Group, Inc. $AIG

Key Points

• Robeco Institutional Asset Management boosted its stake in American International Group by 26.3% in Q4, buying 280,247 shares to hold 1,345,273 shares (about 0.25% of the company) valued at $115.09 million.
• Several other major funds — including Vanguard, Capital Research, Wellington, Diamond Hill and Hotchkis & Wiley — also increased AIG holdings, leaving institutional investors with about 90.60% ownership of the stock.
• AIG reported Q4 EPS of $1.96, beating estimates while revenue missed; the stock trades near $76.92 with a $41.3B market cap, and AIG pays a quarterly dividend of $0.45 (annualized $1.80, ~2.3% yield).

Robeco Institutional Asset Management B.V. lifted its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 26.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,345,273 shares of the insurance provider's stock after purchasing an additional 280,247 shares during the period. Robeco Institutional Asset Management B.V. owned 0.25% of American International Group worth $115,088,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in American International Group by 11.6% in the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider's stock worth $5,378,635,000 after buying an additional 7,117,583 shares during the period. Capital Research Global Investors lifted its stake in American International Group by 79.6% in the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider's stock worth $2,241,091,000 after purchasing an additional 12,645,616 shares in the last quarter. Wellington Management Group LLP lifted its stake in American International Group by 7.9% in the 3rd quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider's stock worth $2,045,657,000 after purchasing an additional 1,899,203 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in American International Group by 4.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider's stock worth $951,230,000 after purchasing an additional 499,330 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in American International Group by 22.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider's stock worth $805,529,000 after purchasing an additional 1,846,979 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

American International Group Trading Up 0.1%

NYSE:AIG opened at $76.92 on Monday. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.46. The firm has a 50 day moving average of $77.05 and a 200 day moving average of $78.23. 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 stock has a market capitalization of $41.30 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 0.59 and a beta of 0.59.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Thursday, February 12th. The insurance provider reported $1.96 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 company had revenue of $6.55 billion during the quarter, compared to analysts' expectations of $6.99 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. As a group, sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group's dividend payout ratio is presently 33.21%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AIG. TD Cowen upped 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 report on Tuesday, December 16th. Wells Fargo & Company decreased their target price on shares of American International Group from $87.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Thursday. Cantor Fitzgerald upped their target price on shares of American International Group from $77.00 to $81.00 and gave the company a "neutral" rating in a research report on Tuesday, February 17th. Bank of America decreased their target price on shares of American International Group from $89.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, January 16th. Finally, Barclays decreased their target price on shares of American International Group from $79.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $87.59.

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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