American International Group, Inc. (NYSE:AIG) Announces Quarterly Dividend of $0.50

American International Group, Inc. (NYSE:AIG) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Monday, June 15th will be given a dividend of 0.50 per share by the insurance provider on Monday, June 29th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, June 15th. This is a 11.1% increase from American International Group’s previous quarterly dividend of $0.45.

American International Group has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. American International Group has a dividend payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect American International Group to earn $8.81 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 20.4%.

American International Group Stock Performance

Shares of NYSE AIG traded up $3.80 during midday trading on Friday, reaching $78.60. 3,433,486 shares of the company traded hands, compared to its average volume of 4,651,236. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a 50-day moving average price of $76.85 and a 200 day moving average price of $77.85. American International Group has a 52 week low of $71.25 and a 52 week high of $87.46. The company has a market cap of $42.20 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.56 and a beta of 0.59.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Thursday, April 30th. The insurance provider reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.22. The company had revenue of $7.02 billion during the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a return on equity of 9.79% and a net margin of 11.56%.During the same period in the prior year, the business earned $1.17 earnings per share. Sell-side analysts anticipate that American International Group will post 7.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AIG. Meeder Asset Management Inc. grew its stake in American International Group by 88.8% in the third quarter. Meeder Asset Management Inc. now owns 58,314 shares of the insurance provider’s stock worth $4,580,000 after purchasing an additional 27,431 shares during the period. AlphaQuest LLC purchased a new position in shares of American International Group in the 3rd quarter valued at $2,724,000. Allstate Corp purchased a new position in shares of American International Group in the 3rd quarter valued at $1,689,000. Mitsubishi UFJ Trust & Banking Corp increased its position in American International Group by 21.6% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 583,680 shares of the insurance provider’s stock valued at $45,842,000 after buying an additional 103,762 shares in the last quarter. Finally, Algebris UK Ltd. acquired a new position in American International Group during the 3rd quarter valued at about $15,032,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

About American International Group

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.