Olympiad Research LP Invests $250,000 in American International Group, Inc. $AIG

Olympiad Research LP purchased a new stake in American International Group, Inc. (NYSE:AIG) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 2,921 shares of the insurance provider’s stock, valued at approximately $250,000.

Other hedge funds have also added to or reduced their stakes in the company. Sachetta LLC raised its stake in shares of American International Group by 194.5% in the first quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 249 shares during the last quarter. GFG Capital LLC purchased a new stake in American International Group in the 2nd quarter valued at $33,000. Barrett & Company Inc. bought a new position in American International Group during the 2nd quarter valued at $35,000. NewSquare Capital LLC lifted its stake in American International Group by 58.6% during the 2nd quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 154 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in American International Group during the 2nd quarter worth $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Up 0.4%

Shares of AIG opened at $78.28 on Friday. The firm has a market cap of $42.24 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week 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. The business has a 50-day moving average of $78.81 and a 200 day moving average of $81.07.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.63. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.82 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter in the previous year, the firm posted $1.23 earnings per share. As a group, research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.3%. American International Group’s dividend payout ratio (DPR) is currently 32.73%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AIG shares. Citigroup assumed 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. Piper Sandler reduced their target price on American International Group from $96.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Morgan Stanley dropped their price target on American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. JPMorgan Chase & Co. boosted their price objective on American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Finally, Wall Street Zen lowered American International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.00.

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.