American International Group, Inc. (NYSE:AIG) Shares Purchased by Todd Asset Management LLC

Key Points

• Todd Asset Management LLC increased its stake in American International Group, Inc. by 11.5%, now holding approximately $30.92 million worth of AIG stock.
• American International Group reported a quarterly EPS of $1.81, exceeding analysts' expectations and indicating a revenue of $6.77 billion for the period.
• The company announced a quarterly dividend of $0.45, translating to an annualized dividend of $1.80 and a dividend yield of 2.3%.

Todd Asset Management LLC boosted its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 11.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 355,599 shares of the insurance provider's stock after purchasing an additional 36,665 shares during the quarter. Todd Asset Management LLC owned about 0.06% of American International Group worth $30,916,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ameriflex Group Inc. purchased a new stake in shares of American International Group in the fourth quarter valued at $29,000. Sachetta LLC raised 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 acquiring an additional 249 shares during the period. Hemington Wealth Management raised 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 acquiring an additional 142 shares during the period. NBC Securities Inc. purchased a new stake in shares of American International Group in the first quarter valued at $47,000. Finally, SouthState Corp raised its stake in shares of American International Group by 798.5% in the first quarter. SouthState Corp now owns 584 shares of the insurance provider's stock valued at $51,000 after acquiring an additional 519 shares during the period. Hedge funds and other institutional investors own 90.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AIG shares. Keefe, Bruyette & Woods reduced 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 research note on Tuesday. Barclays increased their target price on shares of American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of American International Group from a "hold" rating to a "buy" rating in a report on Saturday. Cfra Research upgraded shares of American International Group to a "moderate buy" rating in a report on Monday. Finally, William Blair upgraded shares of American International Group to a "strong-buy" rating in a report on Friday, August 1st. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.75.

American International Group Stock Performance

Shares of American International Group stock traded up $1.43 during midday trading on Wednesday, hitting $79.91. The company had a trading volume of 4,293,698 shares, compared to its average volume of 4,360,877. The stock has a market cap of $44.27 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.85 and a beta of 0.63. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $82.05 and a 200 day simple moving average of $81.25. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07.

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, beating the consensus estimate of $1.60 by $0.21. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $1.16 EPS. As a group, analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed 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. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 16th. American International Group's dividend payout ratio (DPR) is presently 34.09%.

About American International Group

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.