American International Group, Inc. $AIG Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its holdings in American International Group, Inc. (NYSE:AIG) by 19.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 191,031 shares of the insurance provider’s stock after buying an additional 31,265 shares during the quarter. D.A. Davidson & CO.’s holdings in American International Group were worth $16,350,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AIG. Patton Fund Management Inc. acquired a new stake in American International Group during the 2nd quarter valued at $232,000. AIA Group Ltd boosted its stake in American International Group by 169.6% during the 1st quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider’s stock valued at $901,000 after acquiring an additional 6,523 shares during the last quarter. Townsquare Capital LLC boosted its stake in American International Group by 5.4% during the 1st quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider’s stock valued at $10,009,000 after acquiring an additional 5,899 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in American International Group by 2.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider’s stock valued at $1,445,000 after acquiring an additional 355 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in American International Group by 11.5% during the 2nd quarter. Truist Financial Corp now owns 77,757 shares of the insurance provider’s stock valued at $6,655,000 after acquiring an additional 7,997 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Ratings Changes

AIG has been the topic of a number of research analyst reports. Morgan Stanley reduced their price objective on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. UBS Group raised their price target on shares of American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Bank of America raised their price target on shares of American International Group from $88.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, October 13th. Citigroup began coverage on shares of American International Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 price objective on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of American International Group in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $89.81.

American International Group Stock Performance

Shares of AIG opened at $78.90 on Thursday. The firm’s 50 day moving average is $79.96 and its 200-day moving average is $81.38. The stock has a market capitalization of $43.71 billion, a P/E ratio of 14.94, a P/E/G ratio of 0.77 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. 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 quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter in the previous year, the company posted $1.16 EPS. Equities research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 16th. American International Group’s dividend payout ratio (DPR) is 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.