Vestmark Advisory Solutions Inc. Buys Shares of 3,825 American International Group, Inc. $AIG

Vestmark Advisory Solutions Inc. bought a new position in American International Group, Inc. (NYSE:AIG) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 3,825 shares of the insurance provider’s stock, valued at approximately $327,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sachetta LLC boosted its holdings in shares of American International Group by 194.5% in the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 249 shares during the last quarter. GFG Capital LLC purchased a new stake in American International Group during the second quarter valued at about $33,000. Barrett & Company Inc. purchased a new position in shares of American International Group in the 2nd quarter worth about $35,000. NewSquare Capital LLC lifted its stake in shares of American International Group by 58.6% during the second quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 154 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of American International Group during the second quarter worth about $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on AIG shares. JPMorgan Chase & Co. upped their price target on shares of American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Wolfe Research initiated coverage on shares of American International Group in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Evercore ISI lifted their price target on American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. The Goldman Sachs Group upped their price objective on American International Group from $85.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Finally, Wells Fargo & Company boosted their price target on American International Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, American International Group presently has a consensus rating of “Moderate Buy” and an average price target of $90.00.

American International Group Stock Up 0.8%

AIG opened at $78.62 on Thursday. The stock’s 50 day moving average price is $78.88 and its 200 day moving average price is $81.09. The stock has a market cap of $42.42 billion, a P/E ratio of 14.91, a P/E/G ratio of 0.77 and a beta of 0.73. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, November 4th. The insurance provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the business posted $1.23 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.45 per share. 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 dividend payout ratio (DPR) is currently 32.73%.

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.