Y Intercept Hong Kong Ltd Takes $4.79 Million Position in American International Group, Inc. $AIG

Y Intercept Hong Kong Ltd acquired a new stake in American International Group, Inc. (NYSE:AIG) during the 1st quarter, Holdings Channel.com reports. The firm acquired 63,637 shares of the insurance provider’s stock, valued at approximately $4,789,000.

Several other hedge funds have also recently bought and sold shares of AIG. Brighton Jones LLC purchased a new stake in American International Group during the fourth quarter worth about $1,091,000. Sivia Capital Partners LLC grew its holdings in shares of American International Group by 30.7% in the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after purchasing an additional 1,185 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in American International Group during the 2nd quarter worth approximately $217,000. Ieq Capital LLC lifted its holdings in American International Group by 11.5% during the 2nd quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock worth $20,958,000 after buying an additional 25,311 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new position in American International Group in the 2nd quarter valued at approximately $269,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

NYSE:AIG opened at $79.33 on Monday. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $42.06 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 0.73 and a beta of 0.53. The business’s fifty day moving average price is $75.69 and its 200 day moving average price is $77.13.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. The company had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same period in the previous year, the business earned $1.17 EPS. On average, sell-side analysts anticipate that American International Group, Inc. will post 7.98 earnings per share for the current fiscal year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.5%. American International Group’s dividend payout ratio (DPR) is presently 35.27%.

Analyst Upgrades and Downgrades

AIG has been the subject of several research reports. Wells Fargo & Company dropped their price target on shares of American International Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Cantor Fitzgerald boosted their target price on American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. The Goldman Sachs Group upped their price target on American International Group from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Morgan Stanley reduced their price target on American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $87.94.

American International Group Company 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.