Crestwood Advisors Group LLC Has $555,000 Stake in American International Group, Inc. $AIG

Crestwood Advisors Group LLC boosted its position in American International Group, Inc. (NYSE:AIG) by 26.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,481 shares of the insurance provider’s stock after purchasing an additional 1,368 shares during the period. Crestwood Advisors Group LLC’s holdings in American International Group were worth $555,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AIG. GQG Partners LLC increased its stake in shares of American International Group by 33,315.0% in the first quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock valued at $1,643,995,000 after buying an additional 18,852,949 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in American International Group by 22.8% during 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 period. Nuveen LLC bought a new stake in American International Group during the 1st quarter worth approximately $440,273,000. AQR Capital Management LLC increased its position in 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 valued at $287,214,000 after acquiring an additional 2,162,545 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of American International Group by 151.6% during the first quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock valued at $285,682,000 after acquiring an additional 1,980,001 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on AIG. Morgan Stanley reduced their price objective on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. William Blair upgraded American International Group to a “strong-buy” rating in a research report on Friday, August 1st. UBS Group raised their price objective on American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Evercore ISI upped their target price on American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a report on Wednesday, October 1st. Finally, Wolfe Research began coverage on shares of American International Group in a report on Tuesday, September 16th. They set a “peer perform” rating for the company. Two investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.13.

American International Group Stock Performance

Shares of AIG stock opened at $76.33 on Friday. The firm has a 50 day moving average of $79.22 and a 200-day moving average of $81.21. The company has a market cap of $42.29 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 52 week low of $69.24 and a 52 week high of $88.07.

American International Group (NYSE:AIG) last released its earnings results on Tuesday, November 4th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned $1.23 EPS. On average, equities analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 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 2.4%. The ex-dividend date of this dividend is Tuesday, December 16th. American International Group’s dividend payout ratio is 32.73%.

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.