Robeco Institutional Asset Management B.V. Raises Stock Position in American International Group, Inc. $AIG

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its stake in American International Group (AIG) by 3,745.6% in the second quarter, owning approximately 0.16% of the company valued at $79.5 million.
• Several research firms have recently upgraded and downgraded AIG, with current ratings showing two Strong Buys, eight Buys, and ten Holds, resulting in an average rating of "Moderate Buy".
• AIG announced a quarterly dividend of $0.45 per share, resulting in an annualized yield of 2.3%, with a payout ratio of 34.09%.

Robeco Institutional Asset Management B.V. lifted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 3,745.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 929,330 shares of the insurance provider's stock after buying an additional 905,164 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.16% of American International Group worth $79,541,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AIG. Sachetta LLC lifted its position in shares of American International Group by 194.5% during the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock worth $33,000 after buying an additional 249 shares during the last quarter. Hemington Wealth Management lifted its position in shares of American International Group by 42.8% during the 1st quarter. Hemington Wealth Management now owns 474 shares of the insurance provider's stock worth $41,000 after buying an additional 142 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of American International Group during the 1st quarter worth approximately $47,000. WPG Advisers LLC purchased a new stake in shares of American International Group during the 1st quarter worth approximately $47,000. Finally, SouthState Corp lifted its position in shares of American International Group by 798.5% during the 1st quarter. SouthState Corp now owns 584 shares of the insurance provider's stock worth $51,000 after buying an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AIG. Wall Street Zen downgraded shares of American International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Evercore ISI upped their price target on shares of American International Group from $89.00 to $90.00 and gave the company an "in-line" rating in a research report on Wednesday. Cantor Fitzgerald upgraded shares of American International Group to a "hold" rating in a research report on Tuesday, August 12th. Wolfe Research began coverage on shares of American International Group in a research report on Tuesday, September 16th. They issued a "peer perform" rating for the company. Finally, Piper Sandler reduced their price target on shares of American International Group from $96.00 to $88.00 and set an "overweight" rating for the company in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, American International Group currently has an average rating of "Moderate Buy" and a consensus target price of $88.31.

American International Group Price Performance

Shares of NYSE AIG opened at $79.68 on Friday. The stock has a market cap of $44.14 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 0.85 and a beta of 0.68. American International Group, Inc. has a 52 week low of $69.24 and a 52 week high of $88.07. The company's 50-day moving average price is $79.28 and its 200 day moving average price is $81.72. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.60 by $0.21. The firm had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same period in the prior year, the company earned $1.16 EPS. As a group, research analysts forecast 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 Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 16th. American International Group's dividend payout ratio is 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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