SG Americas Securities LLC Has $203.42 Million Holdings in American International Group, Inc. $AIG

SG Americas Securities LLC boosted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 33.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,703,304 shares of the insurance provider’s stock after acquiring an additional 673,976 shares during the period. SG Americas Securities LLC’s holdings in American International Group were worth $203,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in American International Group during the 3rd quarter worth approximately $2,257,000. Nordea Investment Management AB lifted its stake in American International Group by 129.9% in the fourth quarter. Nordea Investment Management AB now owns 136,069 shares of the insurance provider’s stock valued at $11,695,000 after buying an additional 76,874 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of American International Group in the third quarter valued at approximately $77,054,000. Cypress Wealth Services LLC acquired a new position in shares of American International Group in the fourth quarter valued at approximately $1,269,000. Finally, Board of the Pension Protection Fund increased its position in shares of American International Group by 296.1% during the fourth quarter. Board of the Pension Protection Fund now owns 20,200 shares of the insurance provider’s stock worth $1,728,000 after acquiring an additional 15,100 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Up 0.1%

Shares of AIG stock opened at $74.09 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29. The firm’s fifty day moving average price is $75.91 and its two-hundred day moving average price is $77.35. The firm has a market capitalization of $39.29 billion, a P/E ratio of 13.07, a PEG ratio of 0.68 and a beta of 0.52.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same period in the prior year, the business posted $1.17 EPS. On average, equities analysts predict that American International Group, Inc. will post 7.99 EPS for the current fiscal year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, June 15th. This is a boost from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.7%. American International Group’s dividend payout ratio is currently 35.27%.

Analyst Ratings Changes

A number of brokerages recently commented on AIG. HSBC raised their price objective on shares of American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Morgan Stanley reduced their target price on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. BMO Capital Markets increased their target price on American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. Weiss Ratings downgraded American International Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 16th. Finally, Citigroup boosted their price target on American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, American International Group currently has an average rating of “Hold” and a consensus target price of $87.78.

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.