American International Group, Inc. $AIG Shares Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. grew its position in shares of American International Group, Inc. (NYSE:AIG) by 2,157.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,615,618 shares of the insurance provider’s stock after purchasing an additional 1,544,037 shares during the quarter. American International Group makes up about 1.1% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 14th biggest holding. Jupiter Asset Management Ltd. owned 0.30% of American International Group worth $126,891,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Westfuller Advisors LLC purchased a new position in American International Group in the third quarter valued at $26,000. Atlantic Union Bankshares Corp lifted its position in shares of American International Group by 7,100.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after buying an additional 355 shares in the last quarter. Eastern Bank grew 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 valued at $30,000 after acquiring an additional 371 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in American International Group in the 2nd quarter worth $32,000. Finally, Motco raised its position in American International Group by 950.0% during the third quarter. Motco now owns 420 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 380 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Down 0.4%

Shares of NYSE:AIG opened at $79.45 on Friday. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $88.07. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $78.89 and a two-hundred day moving average of $78.87. The stock has a market cap of $42.63 billion, a P/E ratio of 14.66, a PEG ratio of 0.61 and a beta of 0.61.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same quarter in the prior year, the firm posted $1.30 earnings per share. On average, research analysts expect 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 declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group’s dividend payout ratio (DPR) is currently 33.21%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AIG. Keefe, Bruyette & Woods boosted their target price on shares of American International Group from $96.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Cantor Fitzgerald boosted their price objective on American International Group from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group increased their target price on American International Group from $81.00 to $83.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Wells Fargo & Company lifted their price target on American International Group from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Finally, Wall Street Zen cut American International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, American International Group currently has an average rating of “Hold” and a consensus target price of $87.58.

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.