Goelzer Investment Management Inc. Has $1.86 Million Stock Holdings in American International Group, Inc. $AIG

Goelzer Investment Management Inc. cut its stake in American International Group, Inc. (NYSE:AIG) by 6.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 21,762 shares of the insurance provider’s stock after selling 1,426 shares during the quarter. Goelzer Investment Management Inc.’s holdings in American International Group were worth $1,863,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Aaron Wealth Advisors LLC raised its holdings in American International Group by 2.4% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider’s stock valued at $468,000 after acquiring an additional 126 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of American International Group by 403.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 936 shares of the insurance provider’s stock valued at $80,000 after purchasing an additional 750 shares during the last quarter. Czech National Bank increased its stake in shares of American International Group by 3.4% in the 2nd quarter. Czech National Bank now owns 140,875 shares of the insurance provider’s stock valued at $12,057,000 after purchasing an additional 4,596 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of American International Group by 7.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,627 shares of the insurance provider’s stock valued at $225,000 after purchasing an additional 176 shares during the last quarter. Finally, Everpar Advisors LLC increased its stake in shares of American International Group by 2.0% in the 2nd quarter. Everpar Advisors LLC now owns 8,032 shares of the insurance provider’s stock valued at $687,000 after purchasing an additional 161 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Down 0.9%

Shares of NYSE:AIG opened at $76.33 on Wednesday. The business’s 50-day moving average is $80.08 and its 200-day moving average is $82.05. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $42.29 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 0.82 and a beta of 0.70.

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 return on equity of 7.88% and a net margin of 11.51%.The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the prior year, the business earned $1.16 EPS. Equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 16th. American International Group’s dividend payout ratio is 34.09%.

Analyst Ratings Changes

Several brokerages have recently issued reports on AIG. Wall Street Zen upgraded American International Group from a “hold” rating to a “buy” rating in a research note on Monday. Cantor Fitzgerald upgraded American International Group to a “hold” rating in a research note on Tuesday, August 12th. William Blair upgraded American International Group to a “strong-buy” rating in a research note on Friday, August 1st. Wolfe Research began coverage on American International Group in a research note on Tuesday. They issued a “peer perform” rating on the stock. Finally, Citigroup began coverage on American International Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, American International Group has an average rating of “Moderate Buy” and a consensus target price of $88.27.

About American International Group

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.