Nomura Asset Management Co. Ltd. Purchases 7,038 Shares of American International Group, Inc. $AIG

Nomura Asset Management Co. Ltd. boosted its holdings in American International Group, Inc. (NYSE:AIG) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,833 shares of the insurance provider’s stock after acquiring an additional 7,038 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.07% of American International Group worth $31,312,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AIG. GFG Capital LLC bought a new stake in shares of American International Group in the 2nd quarter worth $33,000. Barrett & Company Inc. bought a new position in shares of American International Group during the second quarter valued at $35,000. NewSquare Capital LLC boosted its position in shares of American International Group by 58.6% during the second quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock valued at $36,000 after buying an additional 154 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in American International Group in the 2nd quarter worth about $40,000. Finally, Hemington Wealth Management raised its position in American International Group by 42.8% in the 1st quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock worth $41,000 after buying an additional 142 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Performance

AIG opened at $77.04 on Wednesday. The company’s 50 day moving average is $78.71 and its 200 day moving average is $80.95. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The company has a market cap of $41.57 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 0.77 and a beta of 0.73. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $1.23 earnings per share. On average, equities research analysts predict 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. Investors of record on Tuesday, December 16th will be given a dividend of $0.45 per share. 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 payout ratio is 32.73%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AIG. 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 target on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research report on Thursday, November 13th. Keefe, Bruyette & Woods cut their target price 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. The Goldman Sachs Group boosted their target price on shares of American International Group from $85.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Finally, UBS Group increased their price target on American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, American International Group currently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

American International Group 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.