Entropy Technologies LP Buys New Shares in American International Group, Inc. $AIG

Entropy Technologies LP bought a new stake in shares of American International Group, Inc. (NYSE:AIG) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 63,530 shares of the insurance provider’s stock, valued at approximately $5,435,000.

A number of other large investors also recently modified their holdings of AIG. Modus Advisors LLC purchased a new position in shares of American International Group during the 4th quarter valued at $27,000. Navalign LLC purchased a new position in shares of American International Group during the 4th quarter valued at $29,000. Aventura Private Wealth LLC purchased a new position in shares of American International Group during the 4th quarter valued at $39,000. JPL Wealth Management LLC purchased a new stake in American International Group in the 3rd quarter worth $39,000. Finally, Jessup Wealth Management Inc purchased a new stake in American International Group in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.4%

Shares of NYSE AIG opened at $75.60 on Friday. The firm’s 50-day moving average price is $76.07 and its 200-day moving average price is $77.38. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $40.08 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 0.69 and a beta of 0.52. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $87.29.

American International Group (NYSE:AIG) last announced its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.22. The firm had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same period in the prior year, the company earned $1.17 EPS. On average, equities research analysts anticipate that American International Group, Inc. will post 7.99 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, June 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio is currently 31.75%.

Wall Street Analyst Weigh In

AIG has been the topic of several research analyst reports. Barclays boosted their price target on shares of American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Wells Fargo & Company decreased their price target on shares of American International Group from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. BMO Capital Markets boosted their price target on shares of American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Citigroup boosted their price target on shares of American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, The Goldman Sachs Group decreased their price target on shares of American International Group from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $87.78.

American International Group Profile

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.