Aviva PLC Raises Holdings in American International Group, Inc. $AIG

Aviva PLC grew its holdings in American International Group, Inc. (NYSE:AIG) by 26.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 436,483 shares of the insurance provider’s stock after purchasing an additional 90,866 shares during the period. Aviva PLC owned about 0.08% of American International Group worth $37,359,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AIG. Brighton Jones LLC purchased a new position in American International Group in the 4th quarter worth about $1,091,000. Allworth Financial LP lifted its position in American International Group by 3.9% during the first quarter. Allworth Financial LP now owns 5,356 shares of the insurance provider’s stock valued at $442,000 after purchasing an additional 200 shares during the period. Cerity Partners LLC boosted its holdings in American International Group by 37.7% in the first quarter. Cerity Partners LLC now owns 212,840 shares of the insurance provider’s stock worth $18,504,000 after purchasing an additional 58,303 shares during the last quarter. Fort Sheridan Advisors LLC bought a new stake in American International Group in the 1st quarter worth approximately $217,000. Finally, Ballentine Partners LLC purchased a new stake in American International Group during the 1st quarter valued at $229,000. 90.60% of the stock is owned by institutional investors.

American International Group Stock Up 0.7%

Shares of NYSE AIG opened at $76.80 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07. The firm’s 50-day moving average price is $79.13 and its 200-day moving average price is $81.18. The stock has a market capitalization of $41.44 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 0.77 and a beta of 0.73.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, November 4th. The insurance provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.63. The company had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $6.82 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 previous year, the firm posted $1.23 earnings per share. On average, 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be given a $0.45 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group’s dividend payout ratio (DPR) is currently 32.73%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AIG shares. Keefe, Bruyette & Woods dropped their price target on American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. Barclays boosted their price target on American International Group from $93.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Bank of America increased their price objective on shares of American International Group from $88.00 to $94.00 and gave the stock a “neutral” rating in a research note on Monday, October 13th. William Blair upgraded shares of American International Group to a “strong-buy” rating in a research report on Friday, August 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of American International Group in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, American International Group has a consensus rating of “Moderate Buy” and an average price target of $89.93.

About American International Group

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.