American International Group, Inc. $AIG Stock Position Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 863,009 shares of the insurance provider’s stock after purchasing an additional 60,294 shares during the period. Russell Investments Group Ltd. owned about 0.17% of American International Group worth $64,355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Eurizon Capital SGR S.p.A. lifted its stake in American International Group by 3.7% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 34,391 shares of the insurance provider’s stock valued at $2,560,000 after acquiring an additional 1,230 shares in the last quarter. Bingham Private Wealth LLC acquired a new position in American International Group during the 3rd quarter worth approximately $622,000. Maryland State Retirement & Pension System boosted its position in American International Group by 14.9% during the 3rd quarter. Maryland State Retirement & Pension System now owns 32,406 shares of the insurance provider’s stock worth $2,412,000 after acquiring an additional 4,210 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of American International Group by 6.1% during the 3rd quarter. Ritholtz Wealth Management now owns 28,505 shares of the insurance provider’s stock worth $2,121,000 after acquiring an additional 1,632 shares in the last quarter. Finally, Joel Isaacson & Co. LLC bought a new position in shares of American International Group during the 3rd quarter worth approximately $226,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Up 0.4%

AIG stock traded up $0.30 during mid-day trading on Friday, reaching $82.87. The company had a trading volume of 2,463,916 shares, compared to its average volume of 4,144,922. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a 50 day simple moving average of $78.02 and a two-hundred day simple moving average of $77.17. The company has a market capitalization of $42.96 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 0.87 and a beta of 0.48. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.29.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.18. The company had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.42 billion. American International Group had a return on equity of 10.86% and a net margin of 11.86%. During the same quarter in the prior year, the business posted $2.20 EPS. As a group, equities analysts predict that American International Group, Inc. will post 8.14 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 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 2.4%. The ex-dividend date is Wednesday, December 16th. American International Group’s payout ratio is presently 32.57%.

Analyst Ratings Changes

AIG has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered their price objective on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a report on Monday, October 12th. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a report on Tuesday, September 29th. Mizuho reduced their target price on shares of American International Group from $85.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Barclays raised their target price on shares of American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $88.00.

American International Group Company Profile

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.