American International Group, Inc. $AIG Shares Acquired by PDS Planning Inc

PDS Planning Inc raised its position in shares of American International Group, Inc. (NYSE:AIG) by 12.0% in the second quarter, Holdings Channel.com reports. The fund owned 4,587 shares of the insurance provider’s stock after acquiring an additional 493 shares during the quarter. PDS Planning Inc’s holdings in American International Group were worth $393,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Monument Capital Management raised its holdings in shares of American International Group by 3.5% during the second quarter. Monument Capital Management now owns 3,828 shares of the insurance provider’s stock valued at $328,000 after acquiring an additional 129 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of American International Group by 24.3% during the second quarter. IFP Advisors Inc now owns 3,582 shares of the insurance provider’s stock valued at $307,000 after acquiring an additional 700 shares during the last quarter. Callan Family Office LLC raised its holdings in shares of American International Group by 303.4% during the second quarter. Callan Family Office LLC now owns 24,782 shares of the insurance provider’s stock valued at $2,121,000 after acquiring an additional 18,639 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of American International Group by 8.6% during the second quarter. Blair William & Co. IL now owns 17,323 shares of the insurance provider’s stock valued at $1,483,000 after acquiring an additional 1,366 shares during the last quarter. Finally, GFG Capital LLC acquired a new position in shares of American International Group during the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AIG. William Blair upgraded American International Group to a “strong-buy” rating in a research report on Friday, August 1st. Wolfe Research began coverage on American International Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Morgan Stanley dropped their price target on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. JPMorgan Chase & Co. upped their price target on American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Cantor Fitzgerald upgraded American International Group to a “hold” rating in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.53.

American International Group Trading Down 2.2%

Shares of American International Group stock opened at $81.34 on Friday. The firm has a market capitalization of $45.06 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 0.86 and a beta of 0.68. 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 stock has a 50 day moving average of $79.80 and a 200 day moving average of $81.66.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates 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 prior year, the business posted $1.16 earnings per share. As a group, research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, September 16th. American International Group’s dividend payout ratio is presently 34.09%.

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.