Farther Finance Advisors LLC Has $765,000 Holdings in American International Group, Inc. $AIG

Farther Finance Advisors LLC grew its stake in American International Group, Inc. (NYSE:AIG) by 23.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,932 shares of the insurance provider’s stock after buying an additional 1,709 shares during the quarter. Farther Finance Advisors LLC’s holdings in American International Group were worth $765,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. lifted its position in shares of American International Group by 27.4% in the second quarter. UMB Bank n.a. now owns 2,499 shares of the insurance provider’s stock worth $214,000 after purchasing an additional 538 shares in the last quarter. Diversified Trust Co lifted its position in shares of American International Group by 4.1% in the second quarter. Diversified Trust Co now owns 3,495 shares of the insurance provider’s stock worth $299,000 after purchasing an additional 138 shares in the last quarter. Perpetual Ltd lifted its position in shares of American International Group by 3.2% in the second quarter. Perpetual Ltd now owns 449,661 shares of the insurance provider’s stock worth $38,486,000 after purchasing an additional 14,137 shares in the last quarter. Grove Bank & Trust lifted its position in shares of American International Group by 5.6% in the second quarter. Grove Bank & Trust now owns 3,864 shares of the insurance provider’s stock worth $331,000 after purchasing an additional 204 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its position in shares of American International Group by 2.5% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 608,207 shares of the insurance provider’s stock worth $52,056,000 after purchasing an additional 14,869 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

NYSE:AIG opened at $77.13 on Friday. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The company has a market cap of $42.73 billion, a P/E ratio of 14.61, a P/E/G ratio of 0.83 and a beta of 0.70. The firm’s fifty day moving average price is $79.44 and its two-hundred day moving average price is $81.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the previous year, the company earned $1.16 earnings per share. Equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 16th. American International Group’s payout ratio is currently 34.09%.

Analyst Ratings Changes

A number of analysts have recently commented on AIG shares. Keefe, Bruyette & Woods cut their price objective on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Cfra Research raised shares of American International Group to a “moderate buy” rating in a research report on Monday, August 11th. Wall Street Zen lowered shares of American International Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Citigroup started coverage on shares of American International Group in a research report on Wednesday, August 13th. They set a “neutral” rating and a $85.00 price target on the stock. Finally, Wolfe Research started coverage on shares of American International Group in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.27.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.