Caxton Associates LLP Grows Stake in American International Group, Inc. $AIG

Caxton Associates LLP raised its holdings in American International Group, Inc. (NYSE:AIG) by 52.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 35,551 shares of the insurance provider’s stock after buying an additional 12,169 shares during the quarter. Caxton Associates LLP’s holdings in American International Group were worth $2,675,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cypress Wealth Services LLC purchased a new stake in shares of American International Group during the 4th quarter valued at about $1,269,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of American International Group by 20.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,932 shares of the insurance provider’s stock valued at $7,608,000 after purchasing an additional 15,116 shares during the last quarter. Norges Bank bought a new position in American International Group during the fourth quarter valued at approximately $636,782,000. Perpetual Ltd lifted its position in American International Group by 60.4% during the fourth quarter. Perpetual Ltd now owns 715,870 shares of the insurance provider’s stock valued at $61,243,000 after purchasing an additional 269,600 shares during the period. Finally, Danske Bank A S boosted its holdings in American International Group by 7.7% in the fourth quarter. Danske Bank A S now owns 351,972 shares of the insurance provider’s stock worth $30,111,000 after purchasing an additional 25,200 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AIG shares. Wells Fargo & Company boosted their target price on shares of 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. Barclays raised their price target on American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. The Goldman Sachs Group lifted their price objective on American International Group from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. UBS Group upped their price objective on American International Group from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Finally, BMO Capital Markets increased their target price on American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $88.22.

American International Group Price Performance

NYSE AIG opened at $79.09 on Friday. The company has a market capitalization of $41.93 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 0.72 and a beta of 0.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The business’s fifty day moving average is $76.74 and its 200 day moving average is $76.49. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.29.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, topping 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 business had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. Sell-side analysts predict that American International Group, Inc. will post 7.97 earnings per share for the current year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio (DPR) is 35.27%.

American International Group Profile

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.