Man Group plc Grows Stock Holdings in American International Group, Inc. $AIG

Man Group plc boosted its stake in shares of American International Group, Inc. (NYSE:AIG) by 104.6% during the second quarter, Holdings Channel reports. The firm owned 3,612,368 shares of the insurance provider’s stock after purchasing an additional 1,847,194 shares during the quarter. Man Group plc’s holdings in American International Group were worth $269,230,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in American International Group by 39.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock valued at $1,400,613,000 after buying an additional 4,661,246 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of American International Group by 36.9% during the 4th quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock valued at $1,336,147,000 after buying an additional 4,210,363 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of American International Group by 22.0% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock worth $805,529,000 after buying an additional 1,846,979 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of American International Group by 6.1% in the 1st quarter. Bank of New York Mellon Corp now owns 8,237,375 shares of the insurance provider’s stock worth $619,862,000 after buying an additional 474,035 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of American International Group by 10.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,482,558 shares of the insurance provider’s stock worth $640,133,000 after acquiring an additional 731,802 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling at American International Group

In other news, insider Peter Zaffino sold 200,000 shares of American International Group stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $76.47, for a total transaction of $15,294,000.00. Following the transaction, the insider directly owned 592,833 shares of the company’s stock, valued at $45,333,939.51. The trade was a 25.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on AIG shares. UBS Group upped their price objective on American International Group from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Wells Fargo & Company dropped their target price on American International Group from $89.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, August 10th. Royal Bank Of Canada boosted their price target on American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Keefe, Bruyette & Woods upped their price target on shares of American International Group from $95.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Finally, Mizuho increased their price objective on shares of American International Group from $86.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $88.28.

American International Group Trading Down 1.2%

NYSE:AIG opened at $76.44 on Wednesday. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29. The business has a fifty day moving average price of $77.77 and a 200-day moving average price of $77.01. The firm has a market capitalization of $39.97 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 0.71 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61.

American International Group (NYSE:AIG) last released its earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.08. American International Group had a return on equity of 11.05% and a net margin of 11.13%.The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same period in the previous year, the business earned $1.81 earnings per share. Sell-side analysts forecast that American International Group, Inc. will post 8.02 EPS for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. American International Group’s dividend payout ratio (DPR) is 36.56%.

American International Group 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.