Raiffeisen Bank International AG Boosts Holdings in American International Group, Inc. $AIG

Raiffeisen Bank International AG grew its position in shares of American International Group, Inc. (NYSE:AIG) by 247.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,844 shares of the insurance provider’s stock after buying an additional 11,290 shares during the quarter. Raiffeisen Bank International AG’s holdings in American International Group were worth $1,234,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of American International Group during the second quarter worth about $787,724,000. Vanguard Group Inc. boosted its holdings in American International Group by 11.6% in the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after purchasing an additional 7,117,583 shares in the last quarter. Viking Global Investors LP purchased a new stake in American International Group in the 2nd quarter valued at approximately $155,413,000. Jupiter Asset Management Ltd. increased its position in American International Group by 2,157.0% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,615,618 shares of the insurance provider’s stock worth $126,891,000 after purchasing an additional 1,544,037 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of American International Group by 6.1% during the 2nd quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock worth $1,072,969,000 after buying an additional 716,209 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 29th. Royal Bank Of Canada initiated coverage on American International Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 target price for the company. Piper Sandler lowered their price target on shares of American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Wall Street Zen cut shares of American International Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Barclays decreased their price objective on shares of American International Group from $81.00 to $79.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat, American International Group has an average rating of “Hold” and a consensus target price of $87.58.

American International Group Price Performance

AIG stock opened at $80.35 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $43.11 billion, a P/E ratio of 14.82, a PEG ratio of 0.62 and a beta of 0.61. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $88.07. The stock’s 50 day moving average price is $78.80 and its 200 day moving average price is $78.89.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.99 billion. American International Group had a net margin of 11.56% and a return on equity of 9.79%. During the same quarter last year, the business earned $1.30 earnings per share. On average, sell-side analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, March 16th. American International Group’s payout ratio is 33.21%.

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.