2,835 Shares in American International Group, Inc. $AIG Purchased by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC bought a new position in American International Group, Inc. (NYSE:AIG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,835 shares of the insurance provider’s stock, valued at approximately $243,000.

A number of other institutional investors have also recently made changes to their positions in the stock. GQG Partners LLC boosted its holdings in shares of American International Group by 33,315.0% during the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock valued at $1,643,995,000 after acquiring an additional 18,852,949 shares during the last quarter. Bank of New York Mellon Corp raised its stake in American International Group by 20.4% during the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider’s stock worth $974,840,000 after acquiring an additional 1,901,998 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of American International Group by 22.8% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock valued at $792,340,000 after buying an additional 1,694,290 shares during the last quarter. Nuveen LLC bought a new stake in shares of American International Group during the first quarter valued at approximately $440,273,000. Finally, AQR Capital Management LLC increased its position in American International Group by 184.4% in the first quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock worth $287,214,000 after purchasing an additional 2,162,545 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Trading Up 1.2%

Shares of NYSE:AIG opened at $78.00 on Monday. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The firm has a market capitalization of $43.21 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 0.83 and a beta of 0.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The business’s 50 day moving average price is $79.38 and its 200-day moving average price is $81.82.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the firm posted $1.16 EPS. On average, equities research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company 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. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group’s dividend payout ratio (DPR) is presently 34.09%.

Analyst Upgrades and Downgrades

AIG has been the subject of several recent analyst reports. Wall Street Zen lowered shares of American International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Cfra Research raised shares of American International Group to a “moderate buy” rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods decreased their price target on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a research report on Tuesday, August 12th. William Blair upgraded shares of American International Group to a “strong-buy” rating in a report on Friday, August 1st. Finally, Citigroup assumed coverage on shares of American International Group in a report on Wednesday, August 13th. They set a “neutral” rating and a $85.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $88.27.

American International Group Company Profile

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.