63,530 Shares in American International Group, Inc. $AIG Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new position in American International Group, Inc. (NYSE:AIG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 63,530 shares of the insurance provider’s stock, valued at approximately $5,435,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Modus Advisors LLC bought a new stake in American International Group in the 4th quarter worth approximately $27,000. Navalign LLC bought a new stake in American International Group in the 4th quarter worth approximately $29,000. Aventura Private Wealth LLC bought a new stake in American International Group in the 4th quarter worth approximately $39,000. Jessup Wealth Management Inc bought a new stake in American International Group in the 4th quarter worth approximately $40,000. Finally, JPL Wealth Management LLC bought a new stake in American International Group in the 3rd quarter worth approximately $39,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Trading Up 0.4%

Shares of AIG stock opened at $75.60 on Friday. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29. The firm has a fifty day moving average price of $76.07 and a 200-day moving average price of $77.38. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $40.08 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.69 and a beta of 0.52.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The firm had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. As a group, equities analysts predict that American International Group, Inc. will post 7.99 earnings per share for the current year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a dividend of $0.50 per share. This is a positive change from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. American International Group’s dividend payout ratio is presently 31.75%.

Analyst Ratings Changes

AIG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. UBS Group lifted their target price on shares of American International Group from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Citigroup lifted their target price on shares of American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Cantor Fitzgerald lifted their target price on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Mizuho boosted their price objective on shares of American International Group from $84.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.78.

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.