Perpetual Ltd Acquires 269,600 Shares of American International Group, Inc. $AIG

Perpetual Ltd boosted its stake in shares of American International Group, Inc. (NYSE:AIG) by 60.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 715,870 shares of the insurance provider’s stock after buying an additional 269,600 shares during the period. Perpetual Ltd owned approximately 0.13% of American International Group worth $61,243,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Westfuller Advisors LLC acquired a new stake in shares of American International Group during the third quarter worth $26,000. Atlantic Union Bankshares Corp boosted its stake in American International Group by 7,100.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 355 shares during the period. Eastern Bank boosted its stake in American International Group by 2,473.3% in the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 371 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in American International Group during the 2nd quarter worth about $32,000. Finally, Motco increased its holdings in American International Group by 950.0% during the 3rd quarter. Motco now owns 420 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 380 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

AIG has been the topic of a number of research reports. Wells Fargo & Company boosted their price target on American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Bank of America decreased their price objective on American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, January 16th. UBS Group cut their target price on American International Group from $94.00 to $92.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. HSBC upped their price target on American International Group from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, Morgan Stanley set a $83.00 price target on shares of American International Group in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $88.00.

American International Group Stock Performance

Shares of AIG stock opened at $75.45 on Friday. The company has a fifty day moving average price of $76.77 and a two-hundred day moving average price of $78.22. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.47. The stock has a market cap of $40.51 billion, a P/E ratio of 13.92, a P/E/G ratio of 0.58 and a beta of 0.59. 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 quarterly earnings data on Thursday, February 12th. The insurance provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.99 billion. During the same period in the previous year, the business earned $1.30 EPS. As a group, equities analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were given 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 was Monday, March 16th. American International Group’s payout ratio is 33.21%.

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.