American International Group, Inc. (AIG) To Go Ex-Dividend on June 15th

American International Group, Inc. (NYSE:AIG) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Monday, June 15th will be given a dividend of 0.50 per share by the insurance provider on Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. This is a 11.1% increase from American International Group’s previous quarterly dividend of $0.45.

American International Group has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. American International Group has a payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Analysts expect American International Group to earn $8.80 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 22.7%.

American International Group Stock Performance

Shares of NYSE:AIG opened at $75.60 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The business’s 50 day moving average price is $76.07 and its 200-day moving average price is $77.38. The firm has a market capitalization of $40.08 billion, a PE ratio of 13.33, a P/E/G ratio of 0.69 and a beta of 0.52. American International Group has a 1 year low of $71.25 and a 1 year high of $87.29.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same period in the previous year, the company posted $1.17 earnings per share. As a group, equities research analysts expect that American International Group will post 7.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American International Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIG. Capital Research Global Investors boosted its stake in American International Group by 79.6% during the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock worth $2,241,091,000 after buying an additional 12,645,616 shares during the last quarter. Norges Bank acquired a new position in American International Group during the fourth quarter worth $636,782,000. Vanguard Group Inc. boosted its stake in American International Group by 11.6% during the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after buying an additional 7,117,583 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in American International Group by 39.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock worth $1,400,613,000 after buying an additional 4,661,246 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in American International Group by 36.9% during the fourth quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock worth $1,336,147,000 after buying an additional 4,210,363 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

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.