Levin Capital Strategies L.P. Acquires 71,474 Shares of American International Group, Inc. $AIG

Levin Capital Strategies L.P. raised its holdings in American International Group, Inc. (NYSE:AIG) by 61.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 187,522 shares of the insurance provider’s stock after acquiring an additional 71,474 shares during the quarter. Levin Capital Strategies L.P.’s holdings in American International Group were worth $14,111,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC purchased a new stake in American International Group in the fourth quarter valued at approximately $1,091,000. Sivia Capital Partners LLC grew its stake in American International Group by 30.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after buying an additional 1,185 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in American International Group in the 2nd quarter worth approximately $217,000. Ieq Capital LLC increased its holdings in shares of American International Group by 11.5% in the 2nd quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock worth $20,958,000 after buying an additional 25,311 shares during the last quarter. Finally, HUB Investment Partners LLC bought a new position in shares of American International Group in the 2nd quarter worth $269,000. Institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

AIG has been the subject of a number of research analyst reports. Barclays lifted their price objective 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. Cantor Fitzgerald raised American International Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $85.00 to $92.00 in a research note on Thursday, July 9th. Keefe, Bruyette & Woods lowered their price target on American International Group from $98.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 8th. Wells Fargo & Company upped their price objective on American International Group from $85.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Finally, The Goldman Sachs Group upped their price objective on American International Group from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. One 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 MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $88.22.

American International Group Trading Down 2.4%

Shares of AIG opened at $78.28 on Thursday. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.29. The firm has a market cap of $41.50 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.73 and a beta of 0.53. The firm has a 50 day moving average price of $76.63 and a 200-day moving average price of $76.52. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last released its earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating the consensus estimate of $1.89 by $0.22. The company had revenue of $6.65 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $1.17 EPS. As a group, equities research analysts forecast that American International Group, Inc. will post 8 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.6%. American International Group’s dividend payout ratio (DPR) is currently 35.27%.

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.