American International Group, Inc. $AIG Holdings Boosted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 44.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,396 shares of the insurance provider’s stock after purchasing an additional 22,585 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in American International Group were worth $6,279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp grew its position in American International Group by 7,100.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 355 shares in the last quarter. Navalign LLC purchased a new position in American International Group during the 4th quarter worth approximately $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 position in shares of American International Group during the 3rd quarter valued at $39,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of American International Group during the 4th quarter valued at $52,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Up 0.5%

AIG stock opened at $73.84 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.46. The company has a fifty day simple moving average of $76.12 and a 200 day simple moving average of $77.55. The firm has a market cap of $39.15 billion, a PE ratio of 13.02, a PEG ratio of 0.67 and a beta of 0.52.

American International Group (NYSE:AIG) last released its quarterly earnings data 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. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The business had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the previous year, the business earned $1.17 EPS. Sell-side analysts anticipate that American International Group, Inc. will post 7.97 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. This is a boost from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio (DPR) is presently 31.75%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AIG. The Goldman Sachs Group boosted their price target on shares of American International Group from $87.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Morgan Stanley lowered their price target on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. BMO Capital Markets boosted their price target on shares of American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. JPMorgan Chase & Co. lowered their price target on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Finally, UBS Group boosted their price target on shares of American International Group from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, American International Group currently has a consensus rating of “Hold” and a consensus target price of $88.06.

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.