Jefferies Financial Group Inc. Acquires New Shares in American International Group, Inc. $AIG

Jefferies Financial Group Inc. acquired a new stake in shares of American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,983 shares of the insurance provider’s stock, valued at approximately $1,453,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaQuest LLC bought a new position in American International Group during the third quarter valued at approximately $2,724,000. Caprock Group LLC purchased a new stake in American International Group during the third quarter valued at $3,054,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in American International Group during the third quarter valued at $2,257,000. Diamond Hill Capital Management Inc. increased its position in American International Group by 4.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider’s stock valued at $951,230,000 after acquiring an additional 499,330 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in American International Group by 129.9% during the fourth quarter. Nordea Investment Management AB now owns 136,069 shares of the insurance provider’s stock valued at $11,695,000 after acquiring an additional 76,874 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

NYSE AIG opened at $75.23 on Thursday. The company has a market capitalization of $39.89 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.71 and a beta of 0.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The business’s fifty day moving average is $76.17 and its 200 day moving average is $77.61. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.46.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The business had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Sell-side analysts predict that American International Group, Inc. will post 7.97 earnings per share for the current year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.50 per share. This is an increase from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. American International Group’s payout ratio is presently 31.75%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group upped their price objective on American International Group from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Barclays boosted their target price on shares of American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. HSBC boosted their target price on shares of American International Group from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. cut their target price on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Finally, BMO Capital Markets boosted their target price on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $88.06.

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.