University of Texas Texas AM Investment Management Co. Has $6.06 Million Holdings in American International Group, Inc. $AIG

University of Texas Texas AM Investment Management Co. lifted its holdings in American International Group, Inc. (NYSE:AIG) by 679.6% during the 4th quarter, HoldingsChannel reports. The fund owned 70,850 shares of the insurance provider’s stock after acquiring an additional 61,762 shares during the quarter. American International Group accounts for approximately 0.9% of University of Texas Texas AM Investment Management Co.’s holdings, making the stock its 15th largest position. University of Texas Texas AM Investment Management Co.’s holdings in American International Group were worth $6,061,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in American International Group by 11.6% during the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after buying an additional 7,117,583 shares in the last quarter. Capital Research Global Investors grew its stake in American International Group by 79.6% during the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock worth $2,241,091,000 after buying an additional 12,645,616 shares in the last quarter. Wellington Management Group LLP grew its stake in American International Group by 7.9% during the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after buying an additional 1,899,203 shares in the last quarter. Franklin Resources Inc. grew its stake in American International Group by 36.9% during the fourth quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock worth $1,336,147,000 after buying an additional 4,210,363 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in American International Group by 22.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock worth $805,529,000 after buying an additional 1,846,979 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Trading Down 1.2%

AIG opened at $74.82 on Tuesday. The company’s 50 day moving average is $76.06 and its 200-day moving average is $77.40. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.29. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The company has a market cap of $39.67 billion, a P/E ratio of 13.20, a PEG ratio of 0.69 and a beta of 0.52.

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, beating 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 for the quarter, compared to the consensus estimate of $7.03 billion. During the same period last year, the company posted $1.17 EPS. Equities research analysts predict that American International Group, Inc. will post 7.99 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, June 15th. This is an increase from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio is 31.75%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AIG. Mizuho increased their price objective on shares of American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. BMO Capital Markets increased their price objective on shares of American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Cantor Fitzgerald increased their price objective on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Bank of America reduced their price objective on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the stock. According to 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.