iA Global Asset Management Inc. Purchases 11,390 Shares of American International Group, Inc. $AIG

iA Global Asset Management Inc. increased its position in shares of American International Group, Inc. (NYSE:AIG) by 30.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,000 shares of the insurance provider’s stock after buying an additional 11,390 shares during the quarter. iA Global Asset Management Inc.’s holdings in American International Group were worth $3,848,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Eastern Bank grew its position in American International Group by 2,473.3% in the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 371 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of American International Group in the second quarter valued at $32,000. GFG Capital LLC bought a new position in shares of American International Group in the second quarter valued at $33,000. Motco grew its holdings in shares of American International Group by 950.0% during the third quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after buying an additional 380 shares during the last quarter. Finally, Barrett & Company Inc. bought a new stake in shares of American International Group during the second quarter worth about $35,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Down 0.1%

AIG stock opened at $72.23 on Friday. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $88.07. The stock has a market cap of $38.97 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.75 and a beta of 0.62. The stock’s fifty day simple moving average is $79.12 and its two-hundred day simple moving average is $79.42. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.82 billion. American International Group had a net margin of 11.89% and a return on equity of 9.09%. During the same period in the previous year, the firm earned $1.23 EPS. Analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Tuesday, December 16th. American International Group’s payout ratio is presently 32.73%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AIG. Evercore ISI raised their price target 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, October 1st. UBS Group raised their target price on American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Barclays cut their target price on American International Group from $88.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 8th. Wells Fargo & Company increased their price target on American International Group from $83.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $87.68.

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.