Berkeley Capital Partners LLC Invests $1 Million in American International Group, Inc. $AIG

Berkeley Capital Partners LLC acquired a new position in American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,705 shares of the insurance provider’s stock, valued at approximately $1,001,000.

A number of other institutional investors have also made changes to their positions in AIG. Westfuller Advisors LLC bought a new stake in American International Group during the third quarter worth $26,000. Atlantic Union Bankshares Corp raised its position in American International Group by 7,100.0% during the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 355 shares in the last quarter. Navalign LLC bought a new stake in American International Group during the fourth quarter worth $29,000. Eastern Bank raised its position in American International Group by 2,473.3% during the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 371 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new stake in American International Group during the fourth quarter worth $39,000. Institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

NYSE:AIG opened at $75.75 on Thursday. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.46. The company has a market cap of $40.16 billion, a P/E ratio of 13.36, a P/E/G ratio of 0.73 and a beta of 0.53. The firm’s fifty day moving average price is $76.35 and its two-hundred day moving average price is $77.70. 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 released its quarterly earnings data on Thursday, April 30th. The insurance provider reported $2.11 EPS 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 firm had revenue of $7.02 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same period in the previous year, the company earned $1.17 earnings per share. Equities analysts expect that American International Group, Inc. will post 7.95 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. This is a boost from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, June 15th. American International Group’s dividend payout ratio is currently 31.75%.

Analyst Upgrades and Downgrades

AIG has been the topic of several analyst reports. Citigroup upped their price target on shares of American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Cantor Fitzgerald upped their price target on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Evercore dropped their price target on shares of American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. Morgan Stanley dropped their price target on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Finally, Bank of America dropped their price target on shares of 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 investment 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.com, the company has an average rating of “Hold” and a consensus target price 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.