Hilltop Holdings Inc. Buys Shares of 8,903 American International Group, Inc. $AIG

Hilltop Holdings Inc. bought a new position in American International Group, Inc. (NYSE:AIG) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,903 shares of the insurance provider’s stock, valued at approximately $670,000.

Several other large investors also recently made changes to their positions in AIG. Cypress Wealth Services LLC acquired a new position in shares of American International Group during the fourth quarter valued at $1,269,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in American International Group by 20.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,932 shares of the insurance provider’s stock worth $7,608,000 after purchasing an additional 15,116 shares during the period. Norges Bank bought a new position in American International Group in the 4th quarter valued at about $636,782,000. Perpetual Ltd grew its position in American International Group by 60.4% in the 4th quarter. Perpetual Ltd now owns 715,870 shares of the insurance provider’s stock valued at $61,243,000 after buying an additional 269,600 shares in the last quarter. Finally, Danske Bank A S increased its stake in American International Group by 7.7% during the 4th quarter. Danske Bank A S now owns 351,972 shares of the insurance provider’s stock valued at $30,111,000 after buying an additional 25,200 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Up 0.0%

NYSE AIG opened at $79.09 on Monday. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The company has a market capitalization of $41.93 billion, a P/E ratio of 13.95, a PEG ratio of 0.73 and a beta of 0.53. The company’s 50 day simple moving average is $76.74 and its 200 day simple moving average is $76.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65.

American International Group (NYSE:AIG) last issued its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 11.86% and a return on equity of 10.93%. During the same period last year, the firm posted $1.17 earnings per share. Equities research analysts expect that American International Group, Inc. will post 7.97 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s payout ratio is presently 35.27%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AIG. Wells Fargo & Company upped their price target on shares of American International Group from $85.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods dropped their target price on American International Group from $98.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. UBS Group upped their target price on American International Group from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. increased their price target on American International Group from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Finally, BMO Capital Markets lifted their price target on 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 assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $88.22.

American International Group Company 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.