Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in shares of American International Group Inc (NYSE:AIG) by 42.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,057 shares of the insurance provider’s stock after acquiring an additional 5,960 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in American International Group were worth $1,066,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in AIG. Norges Bank acquired a new position in shares of American International Group during the 4th quarter valued at $354,739,000. Boston Partners lifted its position in shares of American International Group by 20.7% during the 1st quarter. Boston Partners now owns 17,946,719 shares of the insurance provider’s stock valued at $772,786,000 after acquiring an additional 3,079,624 shares during the period. Clearbridge Investments LLC lifted its position in shares of American International Group by 39.7% during the 1st quarter. Clearbridge Investments LLC now owns 10,351,337 shares of the insurance provider’s stock valued at $445,729,000 after acquiring an additional 2,943,241 shares during the period. Diamond Hill Capital Management Inc. increased its stake in American International Group by 19.3% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 8,826,120 shares of the insurance provider’s stock valued at $380,053,000 after purchasing an additional 1,428,590 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in American International Group by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 10,338,730 shares of the insurance provider’s stock valued at $406,656,000 after purchasing an additional 655,288 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.
In other news, Director Therese M. Vaughan bought 1,000 shares of American International Group stock in a transaction dated Thursday, May 23rd. The stock was purchased at an average price of $51.71 per share, for a total transaction of $51,710.00. Following the purchase, the director now directly owns 1,000 shares in the company, valued at approximately $51,710. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.
Shares of NYSE AIG traded up $0.18 during trading on Friday, hitting $57.26. The stock had a trading volume of 48,300 shares, compared to its average volume of 3,269,269. American International Group Inc has a 12 month low of $36.16 and a 12 month high of $57.58. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $49.56 billion, a P/E ratio of 48.91, a PEG ratio of 1.05 and a beta of 1.19. The company’s fifty day moving average price is $54.38.
American International Group (NYSE:AIG) last posted its earnings results on Monday, May 6th. The insurance provider reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.52. American International Group had a negative net margin of 0.60% and a positive return on equity of 2.48%. The firm had revenue of $12.90 billion during the quarter, compared to analyst estimates of $12.25 billion. During the same quarter in the prior year, the business posted $1.04 EPS. On average, research analysts predict that American International Group Inc will post 4.99 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.32 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.28 annualized dividend and a dividend yield of 2.24%. American International Group’s payout ratio is 109.40%.
AIG has been the subject of a number of recent research reports. Wells Fargo & Co set a $33.00 price target on shares of Matador Resources and gave the company a “hold” rating in a research note on Thursday, July 11th. Bank of America restated a “buy” rating and set a $85.00 price target (up previously from $78.00) on shares of Everbridge in a research note on Tuesday, May 7th. Royal Bank of Canada lowered shares of Zayo Group from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $33.00 to $35.00 in a research note on Wednesday, May 8th. Morgan Stanley boosted their price target on shares of Intact Financial from C$125.00 to C$128.00 in a research note on Thursday, May 30th. Finally, ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. American International Group has a consensus rating of “Buy” and a consensus target price of $55.86.
About American International Group
American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.
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