Vanguard Personalized Indexing Management LLC Buys 25,413 Shares of American International Group, Inc. $AIG

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in American International Group, Inc. (AIG) by 22.7%, acquiring an additional 25,413 shares, bringing its total holdings to 137,215 shares valued at approximately $11.7 million.
• American International Group recently announced a quarterly dividend of $0.45 per share, reflecting an annualized yield of 2.2% and a payout ratio of 34.09%.
• The stock price of AIG has experienced a 2.2% decline, currently trading at around $81.34, amid various analyst ratings ranging from 'Buy' to 'Hold'.

Vanguard Personalized Indexing Management LLC grew its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 22.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,215 shares of the insurance provider's stock after buying an additional 25,413 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in American International Group were worth $11,745,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Concurrent Investment Advisors LLC grew its holdings in shares of American International Group by 150.4% during the second quarter. Concurrent Investment Advisors LLC now owns 10,154 shares of the insurance provider's stock worth $869,000 after purchasing an additional 6,099 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of American International Group during the second quarter worth about $939,000. Fifth Third Wealth Advisors LLC grew its holdings in shares of American International Group by 1.3% during the second quarter. Fifth Third Wealth Advisors LLC now owns 25,310 shares of the insurance provider's stock worth $2,166,000 after purchasing an additional 320 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of American International Group during the second quarter worth about $45,000. Finally, Aberdeen Group plc grew its holdings in shares of American International Group by 4.7% during the second quarter. Aberdeen Group plc now owns 478,436 shares of the insurance provider's stock worth $40,949,000 after purchasing an additional 21,464 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Stock Down 2.2%

Shares of AIG opened at $81.34 on Monday. The firm has a market cap of $45.06 billion, a P/E ratio of 15.41, a P/E/G ratio of 0.86 and a beta of 0.68. The stock has a 50 day simple moving average of $79.80 and a two-hundred day simple moving average of $81.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. American International Group, Inc. has a 1 year low of $69.24 and a 1 year 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 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a $0.45 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 annualized dividend and a yield of 2.2%. American International Group's payout ratio is presently 34.09%.

Analyst Ratings Changes

AIG has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their price objective on American International Group from $85.00 to $86.00 and gave the stock a "neutral" rating in a report on Monday, October 6th. Weiss Ratings reissued a "buy (b)" rating on shares of American International Group in a report on Wednesday, October 8th. UBS Group upped their target price on American International Group from $90.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Cfra Research raised American International Group to a "moderate buy" rating in a research note on Monday, August 11th. Finally, Wolfe Research assumed coverage on American International Group in a research note on Tuesday, September 16th. They issued a "peer perform" rating for the company. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $89.53.

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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