MUFG Securities EMEA plc Has $8.31 Million Stock Holdings in American International Group, Inc. $AIG

MUFG Securities EMEA plc decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 68.7% in the 4th quarter, HoldingsChannel reports. The firm owned 97,120 shares of the insurance provider’s stock after selling 213,484 shares during the period. MUFG Securities EMEA plc’s holdings in American International Group were worth $8,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in AIG. Atlantic Union Bankshares Corp lifted its holdings in shares of American International Group by 7,100.0% during the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after buying an additional 355 shares in the last quarter. Navalign LLC acquired a new stake in shares of American International Group during the fourth quarter worth $29,000. Aventura Private Wealth LLC acquired a new stake in shares of American International Group during the fourth quarter worth $39,000. JPL Wealth Management LLC acquired a new stake in shares of American International Group during the third quarter worth $39,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of American International Group during the fourth quarter worth $52,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Up 0.0%

Shares of NYSE AIG opened at $74.26 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.46. The stock has a market capitalization of $39.37 billion, a P/E ratio of 13.10, a PEG ratio of 0.68 and a beta of 0.52. The stock’s fifty day moving average is $76.12 and its 200 day moving average is $77.57.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The company had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter last year, the business earned $1.17 earnings per share. Sell-side analysts forecast that American International Group, Inc. will post 7.97 earnings per share 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. Shareholders of record on Monday, June 15th will be given a $0.50 dividend. This is a boost 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%. The ex-dividend date is Monday, June 15th. American International Group’s dividend payout ratio (DPR) is presently 31.75%.

Analyst Ratings Changes

A number of research firms have recently weighed in on AIG. JPMorgan Chase & Co. dropped their target price on American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a report on Monday, April 20th. HSBC lifted their target price on American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Piper Sandler dropped their target price on American International Group from $95.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Citigroup lifted their target price on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, The Goldman Sachs Group lifted their target price on American International Group from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $88.06.

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.