Thompson Davis & CO. Inc. Buys Shares of 3,160 American International Group, Inc. (NYSE:AIG)

Key Points

• Thompson Davis & CO. Inc. purchased 3,160 shares of American International Group, Inc. valued at approximately $275,000 during the first quarter, marking a significant investment in the insurance provider.
• The stock has received various ratings from analysts, with an average rating of "Moderate Buy" and a target price averaging $88.27.
• American International Group recently declared a quarterly dividend of $0.45 per share, representing an annualized yield of 2.2%.

Thompson Davis & CO. Inc. bought a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,160 shares of the insurance provider's stock, valued at approximately $275,000.

Other hedge funds have also bought and sold shares of the company. Ameriflex Group Inc. purchased a new position in shares of American International Group in the fourth quarter worth $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 worth $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 worth $41,000 after buying an additional 142 shares during the period. NBC Securities Inc. purchased a new position in American International Group during the 1st quarter valued at $47,000. Finally, SouthState Corp increased its position in American International Group by 798.5% during the 1st quarter. SouthState Corp now owns 584 shares of the insurance provider's stock valued at $51,000 after purchasing an additional 519 shares during the period. 90.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AIG. Barclays boosted their target price on shares of American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods dropped their target price on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a report on Tuesday. Wall Street Zen upgraded shares of American International Group from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Cantor Fitzgerald upgraded shares of American International Group to a "hold" rating in a report on Tuesday. Finally, Wells Fargo & Company boosted their target price on shares of American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $88.27.

American International Group Trading Up 0.5%

AIG stock opened at $80.33 on Friday. The firm has a fifty day moving average price of $81.95 and a 200 day moving average price of $81.28. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $44.50 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 0.86 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. 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 firm posted $1.16 earnings per share. Sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business 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 $0.45 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. American International Group's dividend payout ratio (DPR) is currently 34.09%.

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.

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