Sumitomo Mitsui Trust Group Inc. Has $112.68 Million Stake in American International Group, Inc. $AIG

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of American International Group, Inc. (NYSE:AIG) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,434,728 shares of the insurance provider’s stock after buying an additional 8,704 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.26% of American International Group worth $112,684,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC bought a new position in shares of American International Group during the second quarter worth about $32,000. GFG Capital LLC acquired a new stake in American International Group during the 2nd quarter valued at approximately $33,000. Motco increased its position in American International Group by 950.0% during the 3rd quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 380 shares during the period. Barrett & Company Inc. bought a new position in American International Group during the 2nd quarter worth approximately $35,000. Finally, NewSquare Capital LLC lifted its position in shares of American International Group by 58.6% in the 2nd quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 154 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

Shares of NYSE AIG opened at $72.29 on Wednesday. The firm has a market capitalization of $39.01 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.71 and a beta of 0.62. The firm’s 50-day moving average price is $79.83 and its 200-day moving average price is $79.98. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 1-year low of $70.64 and a 1-year high of $88.07.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, beating the consensus estimate of $1.57 by $0.63. American International Group had a return on equity of 9.09% and a net margin of 11.89%.The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the business posted $1.23 EPS. Equities research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.5%. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AIG shares. Barclays decreased their price objective on shares of American International Group from $88.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, January 8th. Morgan Stanley decreased 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. UBS Group lifted 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 research report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $89.28.

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.