American International Group, Inc. $AIG Position Lifted by Waverton Investment Management Ltd

Waverton Investment Management Ltd raised its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 576,672 shares of the insurance provider’s stock after acquiring an additional 20,087 shares during the quarter. Waverton Investment Management Ltd owned approximately 0.10% of American International Group worth $49,337,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AIG. GQG Partners LLC lifted its position in shares of American International Group by 33,315.0% in the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock worth $1,643,995,000 after buying an additional 18,852,949 shares during the last quarter. Nuveen LLC bought a new position in shares of American International Group in the 1st quarter worth about $440,273,000. AQR Capital Management LLC lifted its position in shares of American International Group by 184.4% in the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock worth $287,214,000 after buying an additional 2,162,545 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of American International Group by 151.6% in the 1st quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock worth $285,682,000 after buying an additional 1,980,001 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of American International Group by 22.8% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock worth $792,340,000 after buying an additional 1,694,290 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Trading Down 5.4%

Shares of NYSE:AIG opened at $76.38 on Thursday. The stock has a market capitalization of $42.32 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 0.77 and a beta of 0.68. American International Group, Inc. has a 1-year low of $69.24 and a 1-year 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 company has a 50 day moving average price of $79.33 and a 200 day moving average price of $81.24.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, November 4th. The insurance provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. The firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.82 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 $1.23 earnings per share. On average, research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. American International Group’s dividend payout ratio (DPR) is currently 34.09%.

Analysts Set New Price Targets

AIG has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. increased their price objective on shares of American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of American International Group in a report on Wednesday, October 8th. Bank of America increased their price objective on shares of American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, October 13th. Finally, The Goldman Sachs Group increased their price objective on shares of American International Group from $85.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.13.

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.