American International Group, Inc. $AIG Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its holdings in American International Group, Inc. (NYSE:AIG) by 88.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,314 shares of the insurance provider’s stock after acquiring an additional 27,431 shares during the period. Meeder Asset Management Inc.’s holdings in American International Group were worth $4,580,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vise Technologies Inc. acquired a new stake in shares of American International Group in the 2nd quarter valued at about $858,000. Jupiter Asset Management Ltd. acquired a new position in American International Group in the second quarter worth about $6,127,000. Patton Fund Management Inc. bought a new stake in American International Group in the second quarter valued at about $232,000. Allworth Financial LP raised its stake in American International Group by 132.6% during the second quarter. Allworth Financial LP now owns 12,457 shares of the insurance provider’s stock valued at $1,066,000 after buying an additional 7,101 shares in the last quarter. Finally, Callan Family Office LLC lifted its holdings in American International Group by 303.4% during the 2nd quarter. Callan Family Office LLC now owns 24,782 shares of the insurance provider’s stock worth $2,121,000 after buying an additional 18,639 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

AIG has been the subject of a number of research analyst reports. Morgan Stanley lowered their price target on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research report on Monday, December 29th. JPMorgan Chase & Co. increased their price objective on shares of American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Wall Street Zen cut shares of American International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, TD Cowen lifted their target price on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $89.17.

American International Group Stock Down 3.1%

AIG opened at $75.50 on Monday. The stock’s 50 day moving average price is $80.09 and its 200 day moving average price is $80.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market cap of $40.74 billion, a P/E ratio of 13.73, a P/E/G ratio of 0.72 and a beta of 0.62. 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) last announced its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.82 billion. American International Group had a return on equity of 9.09% and a net margin of 11.89%.During the same quarter in the previous year, the firm posted $1.23 EPS. As a group, research analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.4%. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

American International Group Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.