Vident Advisory LLC Acquires 23,532 Shares of American International Group, Inc. $AIG

Key Points

• Vident Advisory LLC has increased its stake in American International Group (AIG) by 10.8%, owning a total of 240,574 shares valued at approximately $20.9 million as of the end of the most recent quarter.
• Analysts have mixed ratings for AIG, with target prices ranging from $91.00 to $93.00, resulting in a consensus rating of "Moderate Buy" and a target price of $88.27.
• American International Group announced a quarterly dividend of $0.45 per share, representing a 2.2% yield, to be paid on September 30th to stockholders of record.

Vident Advisory LLC raised its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 240,574 shares of the insurance provider's stock after buying an additional 23,532 shares during the quarter. Vident Advisory LLC's holdings in American International Group were worth $20,916,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sachetta LLC lifted its stake in 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. Ameriflex Group Inc. acquired a new position in American International Group in the fourth quarter valued at approximately $29,000. Hemington Wealth Management lifted its stake in 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. WPG Advisers LLC acquired a new position in American International Group in the first quarter valued at approximately $47,000. Finally, NBC Securities Inc. acquired a new position in American International Group in the first quarter valued at approximately $47,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods dropped their price target on American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Wall Street Zen raised American International Group from a "hold" rating to a "buy" rating in a research note on Saturday. Cfra Research upgraded American International Group to a "moderate buy" rating in a report on Monday, August 11th. Wells Fargo & Company boosted their price objective on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Finally, William Blair upgraded American International Group to a "strong-buy" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $88.27.

American International Group Stock Performance

Shares of NYSE AIG traded down $0.08 during trading on Wednesday, reaching $80.97. 1,196,792 shares of the stock traded hands, compared to its average volume of 4,487,682. American International Group, Inc. has a 52-week low of $69.24 and a 52-week high of $88.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The company has a 50-day moving average of $81.09 and a 200-day moving average of $81.96. The stock has a market capitalization of $44.86 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 0.87 and a beta of 0.70.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $6.81 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. Analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 16th. American International Group's dividend payout ratio is currently 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.