ASR Vermogensbeheer N.V. Increases Stock Position in American International Group, Inc. $AIG

ASR Vermogensbeheer N.V. lifted its holdings in American International Group, Inc. (NYSE:AIG) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,089 shares of the insurance provider’s stock after buying an additional 1,022 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in American International Group were worth $7,881,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in American International Group in the fourth quarter worth about $1,091,000. NBC Securities Inc. bought a new stake in shares of American International Group in the 1st quarter worth approximately $47,000. Merit Financial Group LLC grew its stake in shares of American International Group by 114.0% in the 1st quarter. Merit Financial Group LLC now owns 37,043 shares of the insurance provider’s stock worth $3,220,000 after buying an additional 19,731 shares during the last quarter. RFG Advisory LLC purchased a new stake in shares of American International Group in the 1st quarter worth approximately $217,000. Finally, Curat Global LLC bought a new position in American International Group during the 1st quarter valued at approximately $334,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on AIG. Evercore ISI boosted their target price on American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a report on Wednesday. Piper Sandler dropped their price target on shares of American International Group from $96.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday. 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. William Blair raised shares of American International Group to a “strong-buy” rating in a report on Friday, August 1st. Finally, Wolfe Research assumed coverage on shares of American International Group in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.31.

American International Group Trading Up 0.0%

NYSE:AIG opened at $79.68 on Friday. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The business has a fifty day moving average price of $79.28 and a 200-day moving average price of $81.72. The firm has a market capitalization of $44.14 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 0.85 and a beta of 0.68. 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 results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. Sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.45 per share. The ex-dividend date was 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%.

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.