American International Group, Inc. $AIG Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 11.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,325 shares of the insurance provider’s stock after buying an additional 7,286 shares during the period. Kestra Advisory Services LLC’s holdings in American International Group were worth $5,382,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in shares of American International Group during the 2nd quarter worth $496,890,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in American International Group in the 2nd quarter valued at approximately $464,539,000. Wellington Management Group LLP grew its stake in shares of American International Group by 6.9% during the second quarter. Wellington Management Group LLP now owns 30,331,704 shares of the insurance provider’s stock worth $2,260,622,000 after buying an additional 1,961,270 shares during the last quarter. Man Group plc increased its holdings in shares of American International Group by 104.6% during the second quarter. Man Group plc now owns 3,612,368 shares of the insurance provider’s stock worth $269,230,000 after buying an additional 1,847,194 shares in the last quarter. Finally, Bank of Nova Scotia lifted its stake in shares of American International Group by 131.5% in the 2nd quarter. Bank of Nova Scotia now owns 1,175,453 shares of the insurance provider’s stock valued at $87,607,000 after acquiring an additional 667,791 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Down 0.4%

NYSE:AIG opened at $82.55 on Friday. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $42.80 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.87 and a beta of 0.48. The firm has a fifty day simple moving average of $77.90 and a two-hundred day simple moving average of $77.13.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 EPS for the quarter, beating the consensus estimate of $1.88 by $0.18. American International Group had a return on equity of 10.86% and a net margin of 11.86%. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.42 billion. During the same period last year, the business posted $2.20 EPS. Analysts expect that American International Group, Inc. will post 8.13 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 16th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. American International Group’s dividend payout ratio is 32.57%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AIG shares. Keefe, Bruyette & Woods dropped their price objective on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a report on Monday, October 12th. Morgan Stanley reduced their price target on American International Group from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 6th. Argus restated a “buy” rating and set a $90.00 price objective on shares of American International Group in a research report on Wednesday, September 2nd. Barclays upped their target price on American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. increased their price objective 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. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $88.00.

About American International Group

American International Group, Inc. (AIG) is a global insurance company headquartered in New York. Founded in Shanghai in 1919, the company has grown into an insurer serving businesses and individuals in the United States and international markets. AIG’s principal business is general insurance, including commercial and personal property and casualty coverage. Its offerings include products and services for businesses, multinational organizations and individuals, with coverage spanning areas such as property, liability, accident and specialty risks.