Intech Investment Management LLC Purchases 5,910 Shares of American International Group, Inc. $AIG

Intech Investment Management LLC boosted its position in American International Group, Inc. (NYSE:AIG) by 16.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,863 shares of the insurance provider’s stock after buying an additional 5,910 shares during the period. Intech Investment Management LLC’s holdings in American International Group were worth $3,669,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AIG. GQG Partners LLC grew its position in shares of American International Group by 33,315.0% during 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. Hotchkis & Wiley Capital Management LLC raised its position in shares of American International Group by 22.8% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock worth $792,340,000 after buying an additional 1,694,290 shares in the last quarter. Nuveen LLC bought a new stake in shares of American International Group during the 1st quarter valued at about $440,273,000. Massachusetts Financial Services Co. MA grew its stake in American International Group by 21.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,341,348 shares of the insurance provider’s stock worth $285,986,000 after buying an additional 600,629 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in American International Group by 184.4% in the first 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 last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

NYSE:AIG opened at $77.04 on Wednesday. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The stock’s fifty day moving average is $78.71 and its 200 day moving average is $80.95. The firm has a market capitalization of $41.57 billion, a PE ratio of 14.59, a PEG ratio of 0.77 and a beta of 0.73.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.82 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same period last year, the company posted $1.23 earnings per share. On average, sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, December 16th. American International Group’s payout ratio is currently 32.73%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Jefferies Financial Group lowered their price target on shares of American International Group from $99.00 to $96.00 in a research note on Friday, November 7th. Piper Sandler decreased their price target on shares of American International Group from $96.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Citigroup started coverage on American International Group in a research report on Wednesday, August 13th. They set a “neutral” rating and a $85.00 price objective for the company. Cantor Fitzgerald upgraded American International Group to a “hold” rating in a research note on Tuesday, August 12th. Finally, Barclays boosted their price objective on shares of American International Group from $93.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $90.00.

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.