Financiere des Professionnels Fonds d investissement inc. Takes Position in American International Group, Inc. $AIG

Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of American International Group, Inc. (NYSE:AIG) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,234 shares of the insurance provider’s stock, valued at approximately $1,974,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new position in shares of American International Group during the fourth quarter valued at approximately $636,782,000. Price T Rowe Associates Inc. MD raised its position in shares of American International Group by 39.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock worth $1,400,613,000 after purchasing an additional 4,661,246 shares during the period. Franklin Resources Inc. lifted its holdings in shares of American International Group by 36.9% in the 4th quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock worth $1,336,147,000 after purchasing an additional 4,210,363 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of American International Group by 22.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock worth $805,529,000 after purchasing an additional 1,846,979 shares during the last quarter. Finally, Viking Global Investors LP acquired a new position in American International Group during the 2nd quarter valued at approximately $155,413,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

Shares of NYSE:AIG opened at $80.43 on Friday. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The stock has a market cap of $42.65 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 0.71 and a beta of 0.53. The stock’s 50 day moving average price is $76.42 and its 200 day moving average price is $76.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The firm had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period last year, the company posted $1.17 EPS. Equities research analysts anticipate that American International Group, Inc. will post 8 earnings per share for the current fiscal year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.5%. This is a boost from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, June 15th. American International Group’s dividend payout ratio (DPR) is presently 35.27%.

Analysts Set New Price Targets

A number of research analysts recently commented on AIG shares. Bank of America lowered their price objective on American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Wells Fargo & Company raised their target price on American International Group from $85.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. lowered their price target on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Barclays increased their price objective on shares of American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, UBS Group boosted their target price on shares of American International Group from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $88.00.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.