Foster & Motley Inc. Has $3.46 Million Stake in American International Group, Inc. $AIG

Foster & Motley Inc. raised its holdings in American International Group, Inc. (NYSE:AIG) by 19.3% in the 1st quarter, HoldingsChannel reports. The firm owned 45,989 shares of the insurance provider’s stock after purchasing an additional 7,435 shares during the quarter. Foster & Motley Inc.’s holdings in American International Group were worth $3,461,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake in American International Group by 2.6% in the second quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after acquiring an additional 129 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of American International Group by 2.9% in the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after acquiring an additional 130 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in American International Group by 17.7% in the third quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock valued at $68,000 after buying an additional 131 shares in the last quarter. Larson Financial Group LLC lifted its position in American International Group by 12.6% in the 4th quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock valued at $107,000 after acquiring an additional 140 shares in the last quarter. Finally, One Wealth Capital Management LLC boosted its position in shares of American International Group by 3.7% during the third quarter. One Wealth Capital Management LLC now owns 4,005 shares of the insurance provider’s stock worth $315,000 after buying an additional 144 shares during the period. 90.60% of the stock is owned by institutional investors.

American International Group Stock Up 0.8%

Shares of NYSE AIG opened at $75.47 on Friday. The stock has a market capitalization of $40.01 billion, a PE ratio of 13.31, a P/E/G ratio of 0.69 and a beta of 0.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The business’s fifty day moving average price is $75.77 and its 200-day moving average price is $77.31. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29.

American International Group (NYSE:AIG) last posted its quarterly earnings results 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 return on equity of 10.93% and a net margin of 11.86%.The firm had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period last year, the company earned $1.17 earnings per share. On average, equities research analysts anticipate that American International Group, Inc. will post 7.98 EPS for the current year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, June 15th. This is a positive change 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 (DPR) is presently 35.27%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AIG shares. The Goldman Sachs Group decreased their price objective on shares of American International Group from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, June 8th. Citigroup increased their target price on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods upped their target price on American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Cantor Fitzgerald increased their price objective on American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Bank of America cut their target price on American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.