Healthcare of Ontario Pension Plan Trust Fund Increases Stock Position in American International Group, Inc. $AIG

Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 80.9% in the first quarter, Holdings Channel.com reports. The firm owned 246,666 shares of the insurance provider’s stock after acquiring an additional 110,336 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in American International Group were worth $18,562,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Modus Advisors LLC acquired a new stake in shares of American International Group during the fourth quarter valued at about $27,000. Navalign LLC purchased a new stake in shares of American International Group during the fourth quarter worth about $29,000. Mcguire Capital Advisors Inc. acquired a new position in shares of American International Group in the fourth quarter worth about $29,000. SHP Wealth Management acquired a new position in shares of American International Group in the fourth quarter worth about $34,000. Finally, CENTRAL TRUST Co boosted its holdings in American International Group by 48.7% in the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AIG shares. Citigroup raised their price objective on American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. BMO Capital Markets increased their target price on American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised their price target on shares of American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Wells Fargo & Company lifted 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. Finally, Barclays upped their price target on shares of American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, American International Group presently has an average rating of “Hold” and a consensus target price of $88.22.

American International Group Stock Up 0.2%

Shares of American International Group stock opened at $79.19 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The firm has a market cap of $41.99 billion, a P/E ratio of 13.97, a P/E/G ratio of 0.73 and a beta of 0.53. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.29. The business has a 50-day moving average price of $76.75 and a 200 day moving average price of $76.44.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The firm had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter in the prior year, the firm posted $1.17 earnings per share. On average, sell-side analysts forecast that American International Group, Inc. will post 7.97 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. This is an increase from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio is currently 35.27%.

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.