Meiji Yasuda Asset Management Co Ltd. Has $908,000 Stock Holdings in American International Group, Inc. $AIG

Meiji Yasuda Asset Management Co Ltd. raised its position in American International Group, Inc. (NYSE:AIG) by 258.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 12,183 shares of the insurance provider’s stock after acquiring an additional 8,788 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in American International Group were worth $908,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AIG. Modus Advisors LLC bought a new position in shares of American International Group in the fourth quarter valued at $27,000. Navalign LLC acquired a new position in American International Group in the 4th quarter valued at about $29,000. Mcguire Capital Advisors Inc. bought a new position in shares of American International Group during the fourth quarter worth approximately $29,000. SHP Wealth Management bought a new position in American International Group during the 4th quarter worth $34,000. Finally, CENTRAL TRUST Co raised its stake in American International Group by 48.7% in the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 151 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Price Performance

Shares of AIG opened at $76.44 on Wednesday. The stock has a market cap of $39.97 billion, a P/E ratio of 13.97, a P/E/G ratio of 0.71 and a beta of 0.53. The business’s fifty day moving average is $77.77 and its 200 day moving average is $77.01. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $87.29.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.08. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.25 billion. American International Group had a net margin of 11.13% and a return on equity of 11.05%. During the same quarter in the prior year, the company posted $1.81 earnings per share. Sell-side analysts anticipate that American International Group, Inc. will post 8.02 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, September 16th. American International Group’s payout ratio is currently 36.56%.

Insider Activity at American International Group

In other news, insider Peter Zaffino sold 36,829 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $76.14, for a total value of $2,804,160.06. Following the transaction, the insider owned 556,004 shares in the company, valued at $42,334,144.56. This trade represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AIG shares. Citigroup boosted their price objective on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Wells Fargo & Company lowered their price objective on American International Group from $89.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday, August 10th. Piper Sandler raised their target price on American International Group from $80.00 to $84.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. upped their price objective on shares of American International Group from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Finally, BMO Capital Markets boosted their price objective on American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $88.28.

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.