Fifth Third Wealth Advisors LLC Has $2.17 Million Stake in American International Group, Inc. $AIG

Fifth Third Wealth Advisors LLC grew its stake in American International Group, Inc. (NYSE:AIG) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,310 shares of the insurance provider’s stock after purchasing an additional 320 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in American International Group were worth $2,166,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Patton Fund Management Inc. acquired a new stake in American International Group in the 2nd quarter worth $232,000. AIA Group Ltd grew its position in American International Group by 169.6% in the 1st quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider’s stock worth $901,000 after purchasing an additional 6,523 shares during the last quarter. Townsquare Capital LLC grew its position in American International Group by 5.4% in the 1st quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider’s stock worth $10,009,000 after purchasing an additional 5,899 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in American International Group by 175.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider’s stock worth $15,807,000 after purchasing an additional 115,706 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in American International Group by 2.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider’s stock worth $1,445,000 after purchasing an additional 355 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AIG shares. Jefferies Financial Group lifted their target price on shares of American International Group from $96.00 to $99.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Wolfe Research started coverage on shares of American International Group in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. lifted their target price on shares of American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday. UBS Group lifted their target price on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of American International Group in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.53.

American International Group Trading Down 2.2%

Shares of AIG stock opened at $81.34 on Friday. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07. The company has a market capitalization of $45.06 billion, a P/E ratio of 15.41, a P/E/G ratio of 0.86 and a beta of 0.68. The firm has a 50-day moving average price of $79.80 and a 200 day moving average price of $81.66. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period last year, the firm posted $1.16 EPS. Research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 16th. American International Group’s dividend payout ratio (DPR) is currently 34.09%.

American International Group Company 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.