250,143 Shares in American International Group, Inc. $AIG Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in American International Group, Inc. (NYSE:AIG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 250,143 shares of the insurance provider’s stock, valued at approximately $21,400,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in American International Group by 11.6% in the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after purchasing an additional 7,117,583 shares during the period. Capital Research Global Investors raised its stake in American International Group by 79.6% during the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock worth $2,241,091,000 after acquiring an additional 12,645,616 shares in the last quarter. Wellington Management Group LLP raised its stake in American International Group by 7.9% during the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after acquiring an additional 1,899,203 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in American International Group by 4.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider’s stock worth $951,230,000 after acquiring an additional 499,330 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in American International Group by 22.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock worth $805,529,000 after acquiring an additional 1,846,979 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Price Performance

Shares of AIG stock opened at $74.33 on Friday. The stock has a 50-day moving average price of $76.13 and a 200 day moving average price of $77.59. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The firm has a market cap of $39.41 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 0.69 and a beta of 0.53. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.46.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. The firm had revenue of $6.65 billion during the quarter, compared to analyst estimates 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 last year, the company earned $1.17 earnings per share. Research analysts expect that American International Group, Inc. will post 7.97 EPS for the current year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a $0.50 dividend. The ex-dividend date is Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. American International Group’s dividend payout ratio is 31.75%.

Analysts Set New Price Targets

Several research firms have issued reports on AIG. JPMorgan Chase & Co. dropped their price objective on American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Mizuho increased their price objective on American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Morgan Stanley dropped their price objective on American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Citigroup increased their price objective on 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, HSBC increased their price objective on American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, American International Group currently has an average rating of “Hold” and a consensus price target of $88.06.

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.