Candriam S.C.A. Purchases 209,030 Shares of American International Group, Inc. $AIG

Candriam S.C.A. boosted its position in American International Group, Inc. (NYSE:AIG) by 229.5% during the first quarter, Holdings Channel.com reports. The fund owned 300,112 shares of the insurance provider’s stock after acquiring an additional 209,030 shares during the period. Candriam S.C.A.’s holdings in American International Group were worth $22,583,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AIG. Brighton Jones LLC purchased a new position in American International Group during the 4th quarter valued at about $1,091,000. Sivia Capital Partners LLC increased its stake in shares of American International Group by 30.7% during the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after buying an additional 1,185 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of American International Group during the second quarter valued at approximately $217,000. Ieq Capital LLC raised its holdings in shares of American International Group by 11.5% during the second quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock valued at $20,958,000 after acquiring an additional 25,311 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in American International Group in the second quarter worth $269,000. 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 reports. Keefe, Bruyette & Woods decreased their price target on shares of American International Group from $98.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday. Bank of America lowered their price objective on American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings upgraded shares of American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Mizuho upped their target price on shares of American International Group from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, The Goldman Sachs Group lifted their price target on shares of American International Group from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.44.

American International Group Stock Up 0.0%

American International Group stock traded up $0.02 during trading hours on Friday, hitting $79.13. The stock had a trading volume of 2,016,479 shares, compared to its average volume of 4,120,387. The stock has a market capitalization of $41.96 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 0.72 and a beta of 0.53. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average price is $76.22 and its 200-day moving average price is $76.99. American International Group, Inc. has a 12-month low of $71.25 and a 12-month 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 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.22. The firm had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same quarter in the previous year, the business earned $1.17 earnings per share. Equities research analysts anticipate that American International Group, Inc. will post 8 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were paid a $0.50 dividend. This is an increase from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. American International Group’s dividend payout ratio (DPR) is 35.27%.

Key American International Group News

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: Cantor Fitzgerald upgraded AIG from neutral to overweight and lifted its price target to $92, citing continued Q1 momentum. AIG raised to overweight at Cantor based on Q1 momentum continuing
• Positive Sentiment: Mizuho raised its price target on AIG to $89 from $86, reflecting higher valuation expectations even while keeping a neutral rating. American International Group (NYSE:AIG) Price Target Raised to $89.00 at Mizuho
• Positive Sentiment: Wells Fargo also increased its target on AIG to $89 from $85, suggesting analysts see further upside from current levels. Benzinga report on Wells Fargo target increase
• Neutral Sentiment: Barclays reaffirmed its hold rating on AIG, which does not add to the bullish case but shows the stock still has analyst attention. Barclays Reaffirms Their Hold Rating on American International Group (AIG)
• Neutral Sentiment: UBS issued a positive forecast for AIG, but no specific target change or upgrade was detailed in the provided item. UBS Group Issues Positive Forecast for American International Group (NYSE:AIG) Stock Price

About American International Group

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.