American International Group, Inc. $AIG Shares Acquired by Segment Wealth Management LLC

Segment Wealth Management LLC increased its holdings in American International Group, Inc. (NYSE:AIG) by 5.7% during the second quarter, HoldingsChannel.com reports. The fund owned 2,508 shares of the insurance provider’s stock after buying an additional 135 shares during the period. Segment Wealth Management LLC’s holdings in American International Group were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of AIG. GQG Partners LLC increased its holdings in shares of American International Group by 33,315.0% in the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock valued at $1,643,995,000 after acquiring an additional 18,852,949 shares during the period. Nuveen LLC acquired a new position in shares of American International Group in the 1st quarter valued at $440,273,000. AQR Capital Management LLC increased its holdings in shares of American International Group by 184.4% in the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock valued at $287,214,000 after acquiring an additional 2,162,545 shares during the period. Raymond James Financial Inc. increased its holdings in shares of American International Group by 151.6% in the 1st quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock valued at $285,682,000 after acquiring an additional 1,980,001 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of American International Group by 20.4% in the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider’s stock valued at $974,840,000 after acquiring an additional 1,901,998 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

NYSE:AIG opened at $81.05 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The stock has a market cap of $44.90 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 0.86 and a beta of 0.68. The firm’s fifty day simple moving average is $79.30 and its 200-day simple moving average is $81.69.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The business had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same period in the prior year, the company posted $1.16 EPS. Analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. American International Group’s dividend payout ratio is 34.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AIG shares. Citigroup started coverage on shares of American International Group in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 price objective on the stock. Cantor Fitzgerald upgraded shares of American International Group to a “hold” rating in a research report on Tuesday, August 12th. William Blair upgraded shares of American International Group to a “strong-buy” rating in a research report on Friday, August 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of American International Group in a research report on Saturday, September 27th. Finally, Evercore ISI lifted their price objective on shares of American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $88.31.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.