KBC Group NV Purchases 18,812 Shares of American International Group, Inc. $AIG

KBC Group NV increased its position in American International Group, Inc. (NYSE:AIG) by 5.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 343,754 shares of the insurance provider’s stock after purchasing an additional 18,812 shares during the quarter. KBC Group NV’s holdings in American International Group were worth $25,868,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AIG. Modus Advisors LLC acquired a new position in American International Group during the 4th quarter valued at about $27,000. Navalign LLC acquired a new stake in shares of American International Group during the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. bought a new stake in shares of American International Group during the fourth quarter worth approximately $29,000. SHP Wealth Management bought a new stake in shares of American International Group during the fourth quarter worth approximately $34,000. Finally, CENTRAL TRUST Co lifted its holdings in American International Group by 48.7% in the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock valued at $35,000 after buying an additional 151 shares during the period. 90.60% of the stock is owned by institutional investors.

American International Group Stock Up 0.4%

Shares of NYSE AIG opened at $80.16 on Wednesday. The stock has a market cap of $42.50 billion, a P/E ratio of 14.14, a P/E/G ratio of 0.73 and a beta of 0.53. The firm has a 50 day moving average price of $76.57 and a 200 day moving average price of $76.57. 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 $87.29.

American International Group (NYSE:AIG) last posted its earnings results 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. The company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same period last year, the business posted $1.17 earnings per share. Analysts expect that American International Group, Inc. will post 8 EPS for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was 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 35.27%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AIG shares. Cantor Fitzgerald raised shares of American International Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $85.00 to $92.00 in a research note on Thursday, July 9th. Citigroup upped their target price on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. BMO Capital Markets raised their price target on American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Weiss Ratings raised American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Finally, Bank of America dropped their price objective on American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, American International Group presently has an average rating of “Hold” and a consensus target price of $88.22.

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.