Quantinno Capital Management LP Increases Stock Position in American International Group, Inc. $AIG

Quantinno Capital Management LP boosted its position in shares of American International Group, Inc. (NYSE:AIG) by 34.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 655,417 shares of the insurance provider’s stock after buying an additional 167,243 shares during the quarter. Quantinno Capital Management LP’s holdings in American International Group were worth $49,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SummitTX Capital L.P. raised its position in shares of American International Group by 70.0% in the first quarter. SummitTX Capital L.P. now owns 18,545 shares of the insurance provider’s stock worth $1,396,000 after acquiring an additional 7,634 shares during the period. Lazard Asset Management LLC increased its stake in shares of American International Group by 28.8% in the 1st quarter. Lazard Asset Management LLC now owns 269,081 shares of the insurance provider’s stock valued at $20,248,000 after purchasing an additional 60,216 shares in the last quarter. Intelligence Driven Advisers LLC increased its stake in shares of American International Group by 5.8% in the 1st quarter. Intelligence Driven Advisers LLC now owns 3,391 shares of the insurance provider’s stock valued at $255,000 after purchasing an additional 187 shares in the last quarter. OMERS ADMINISTRATION Corp raised its holdings in American International Group by 27.1% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 36,766 shares of the insurance provider’s stock worth $2,767,000 after purchasing an additional 7,836 shares during the period. Finally, Lombard Odier Asset Management Switzerland SA raised its holdings in American International Group by 0.4% in the 1st quarter. Lombard Odier Asset Management Switzerland SA now owns 73,716 shares of the insurance provider’s stock worth $5,547,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

NYSE:AIG opened at $80.23 on Thursday. The stock has a 50 day moving average of $76.87 and a two-hundred day moving average of $76.49. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The firm has a market cap of $42.54 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 0.74 and a beta of 0.53. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last released its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.22. The business had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same quarter last year, the business posted $1.17 earnings per share. On average, analysts expect that American International Group, Inc. will post 7.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AIG has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. Keefe, Bruyette & Woods reduced their target price on American International Group from $98.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings upgraded American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Piper Sandler reissued a “neutral” rating and issued a $80.00 price target (down from $88.00) on shares of American International Group in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company boosted their price target on shares of American International Group from $85.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, American International Group currently has an average rating of “Hold” and a consensus target price of $88.22.

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.