WINTON GROUP Ltd Makes New Investment in American International Group, Inc. $AIG

WINTON GROUP Ltd purchased a new position in shares of American International Group, Inc. (NYSE:AIG) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 69,513 shares of the insurance provider’s stock, valued at approximately $5,950,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC purchased a new position in American International Group during the second quarter valued at $32,000. GFG Capital LLC bought a new position in shares of American International Group during the 2nd quarter valued at approximately $33,000. Barrett & Company Inc. purchased a new stake in American International Group in the 2nd quarter worth approximately $35,000. NewSquare Capital LLC raised its stake in American International Group by 58.6% during the 2nd quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 154 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in American International Group during the 2nd quarter worth approximately $40,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Price Performance

NYSE:AIG opened at $77.10 on Monday. The business’s 50-day moving average is $78.38 and its 200 day moving average is $80.33. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The company has a market capitalization of $41.60 billion, a P/E ratio of 14.02, a P/E/G ratio of 0.81 and a beta of 0.62. 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 data on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a return on equity of 9.09% and a net margin of 11.89%.The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the firm earned $1.23 EPS. On average, equities research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AIG shares. Weiss Ratings reissued a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 1st. Wall Street Zen lowered American International Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Barclays cut American International Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $95.00 to $88.00 in a report on Friday. The Goldman Sachs Group dropped their price objective on American International Group from $86.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, November 19th. Finally, Bank of America lifted their target price on American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $89.00.

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.