Teza Capital Management LLC Takes $281,000 Position in American International Group, Inc. $AIG

Key Points

• Teza Capital Management invested approximately $281,000 in American International Group, acquiring 3,234 shares in the first quarter, according to their recent SEC filing.
• American International Group declared a quarterly dividend of $0.45 per share, with a dividend yield of 2.3%, scheduled for payment on September 30th.
• The stock of American International Group has been rated with a consensus of "Moderate Buy" by analysts, holding a price target of $88.27.

Teza Capital Management LLC bought a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,234 shares of the insurance provider's stock, valued at approximately $281,000.

A number of other institutional investors have also recently modified their holdings of the stock. Ameriflex Group Inc. bought a new position in American International Group in the fourth quarter valued at about $29,000. Sachetta LLC increased its stake in shares of American International Group by 194.5% in the first quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock valued at $33,000 after buying an additional 249 shares during the period. Hemington Wealth Management increased its stake in shares of American International Group by 42.8% in the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider's stock valued at $41,000 after buying an additional 142 shares during the period. NBC Securities Inc. acquired a new stake in shares of American International Group in the first quarter valued at about $47,000. Finally, WPG Advisers LLC acquired a new stake in shares of American International Group in the first quarter valued at about $47,000. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Up 0.2%

NYSE:AIG traded up $0.18 on Friday, hitting $78.90. The stock had a trading volume of 4,754,225 shares, compared to its average volume of 4,495,891. The business's fifty day moving average is $80.41 and its 200 day moving average is $82.09. The company has a market cap of $43.71 billion, a PE ratio of 14.94, a P/E/G ratio of 0.83 and a beta of 0.70. 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 52 week low of $69.24 and a 52 week high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.21. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same quarter in the prior year, the company earned $1.16 earnings per share. On average, equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AIG shares. Morgan Stanley increased their price target on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Wall Street Zen lowered American International Group from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Cfra Research upgraded American International Group to a "moderate buy" rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods cut their target price on American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Finally, William Blair upgraded American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, American International Group presently has a consensus rating of "Moderate Buy" and a consensus 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.