Dimensional Fund Advisors LP Acquires 303,201 Shares of American International Group, Inc. $AIG

Dimensional Fund Advisors LP boosted its holdings in American International Group, Inc. (NYSE:AIG) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,142,278 shares of the insurance provider’s stock after acquiring an additional 303,201 shares during the quarter. Dimensional Fund Advisors LP’s holdings in American International Group were worth $462,147,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. KBC Group NV grew its stake in shares of American International Group by 5.8% in the 1st quarter. KBC Group NV now owns 343,754 shares of the insurance provider’s stock valued at $25,868,000 after purchasing an additional 18,812 shares during the period. SEB Asset Management AB bought a new position in shares of American International Group during the 1st quarter worth approximately $9,091,000. Swiss National Bank lifted its position in shares of American International Group by 4.3% during the 1st quarter. Swiss National Bank now owns 1,583,564 shares of the insurance provider’s stock worth $119,163,000 after buying an additional 65,400 shares during the period. Spartan Wealth Advisory Services LLC acquired a new stake in American International Group in the 1st quarter valued at $268,000. Finally, Kera Capital Partners Inc. grew its position in American International Group by 110.5% in the first quarter. Kera Capital Partners Inc. now owns 5,996 shares of the insurance provider’s stock valued at $451,000 after acquiring an additional 3,148 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

American International Group stock opened at $79.77 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29. The company has a market cap of $42.29 billion, a PE ratio of 14.07, a PEG ratio of 0.74 and a beta of 0.53. The company’s 50-day moving average is $76.50 and its two-hundred day moving average is $76.61.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, topping 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 company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter in the previous year, the company earned $1.17 EPS. Equities analysts anticipate that American International Group, Inc. will post 8 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. American International Group’s payout ratio is 35.27%.

Wall Street Analysts Forecast Growth

AIG has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on 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. BMO Capital Markets boosted their target price on shares of American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Barclays upped their target price on shares of American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Citigroup lifted their price target on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, HSBC reduced their price target on shares of American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. 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 company. Based on data from MarketBeat, American International Group has an average rating of “Hold” and a consensus price target of $88.22.

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.