American International Group, Inc. $AIG Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,616 shares of the insurance provider’s stock after acquiring an additional 2,247 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in American International Group were worth $12,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Sachetta LLC lifted its position in American International Group by 194.5% during the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 249 shares during the period. GFG Capital LLC acquired a new stake in American International Group during the 2nd quarter worth approximately $33,000. Barrett & Company Inc. acquired a new stake in American International Group during the 2nd quarter worth approximately $35,000. Hemington Wealth Management lifted its position in American International Group by 42.8% during the 1st quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 142 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of American International Group in the 2nd quarter valued at approximately $42,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of AIG stock opened at $78.87 on Friday. The stock has a fifty day moving average price of $79.93 and a 200 day moving average price of $81.39. The stock has a market cap of $43.69 billion, a PE ratio of 14.94, a P/E/G ratio of 0.78 and a beta of 0.68. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63.

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

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 annualized dividend and a yield of 2.3%. American International Group’s payout ratio is currently 34.09%.

Analysts Set New Price Targets

Several analysts have recently commented on AIG shares. Wall Street Zen raised American International Group from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. raised their price target on American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Weiss Ratings reissued a “buy (b)” rating on shares of American International Group in a report on Wednesday, October 8th. Bank of America raised their price target on American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, October 13th. Finally, Cantor Fitzgerald raised American International Group to a “hold” rating in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, American International Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.81.

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.