Los Angeles Capital Management LLC Has $28.69 Million Stock Position in American International Group, Inc. $AIG

Los Angeles Capital Management LLC increased its position in shares of American International Group, Inc. (NYSE:AIG) by 19.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 366,871 shares of the insurance provider’s stock after purchasing an additional 60,348 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.07% of American International Group worth $28,686,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIG. Caprock Group LLC acquired a new stake in shares of American International Group during the 3rd quarter worth approximately $3,054,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of American International Group during the 3rd quarter worth approximately $2,257,000. Diamond Hill Capital Management Inc. grew its position in shares of American International Group by 4.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider’s stock worth $951,230,000 after buying an additional 499,330 shares during the period. Nordea Investment Management AB grew its position in shares of American International Group by 129.9% during the 4th quarter. Nordea Investment Management AB now owns 136,069 shares of the insurance provider’s stock worth $11,695,000 after buying an additional 76,874 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of American International Group during the 3rd quarter worth approximately $77,054,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

AIG has been the subject of several analyst reports. Cantor Fitzgerald lifted their price target on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. HSBC lifted their price target on shares of American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. BMO Capital Markets lifted their price target on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Keefe, Bruyette & Woods lifted their price target on shares of American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Mizuho lifted their price target on shares of American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, American International Group currently has a consensus rating of “Hold” and an average target price of $88.06.

American International Group Stock Up 0.0%

American International Group stock opened at $75.51 on Monday. The company’s 50 day simple moving average is $76.04 and its 200 day simple moving average is $77.44. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.46. The firm has a market capitalization of $40.03 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 0.69 and a beta of 0.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65.

American International Group (NYSE:AIG) last released its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter last year, the firm earned $1.17 EPS. As a group, sell-side analysts anticipate that American International Group, Inc. will post 7.99 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 paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s payout ratio is 31.75%.

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.