National Pension Service Raises Holdings in American International Group, Inc. $AIG

National Pension Service increased its position in American International Group, Inc. (NYSE:AIG) by 2.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 975,442 shares of the insurance provider’s stock after purchasing an additional 27,811 shares during the period. National Pension Service’s holdings in American International Group were worth $72,700,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WINTON GROUP Ltd increased its stake in shares of American International Group by 2,369.2% in the second quarter. WINTON GROUP Ltd now owns 152,100 shares of the insurance provider’s stock worth $11,336,000 after purchasing an additional 145,940 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in American International Group by 993.9% in the 2nd quarter. Engineers Gate Manager LP now owns 263,922 shares of the insurance provider’s stock worth $19,670,000 after buying an additional 239,796 shares during the period. Cidel Asset Management Inc. grew its stake in American International Group by 10.4% in the 2nd quarter. Cidel Asset Management Inc. now owns 12,189 shares of the insurance provider’s stock valued at $908,000 after buying an additional 1,152 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its holdings in American International Group by 3.2% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,334 shares of the insurance provider’s stock valued at $472,000 after acquiring an additional 196 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in shares of American International Group by 28.9% during the second quarter. Integrated Wealth Concepts LLC now owns 9,193 shares of the insurance provider’s stock worth $685,000 after acquiring an additional 2,062 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Up 0.4%

AIG opened at $75.33 on Friday. The firm has a market capitalization of $39.39 billion, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 0.84 and a beta of 0.50. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29. The company has a fifty day moving average price of $77.79 and a 200-day moving average price of $76.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Friday, August 7th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.08. The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.25 billion. American International Group had a return on equity of 11.05% and a net margin of 11.13%.During the same quarter last year, the business posted $1.81 earnings per share. Equities research analysts expect that American International Group, Inc. will post 8.02 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. American International Group’s dividend payout ratio (DPR) is presently 36.56%.

Insider Buying and Selling at American International Group

In other news, insider Peter Zaffino sold 36,829 shares of American International Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the completion of the sale, the insider owned 556,004 shares in the company, valued at approximately $42,334,144.56. This trade represents a 6.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

AIG has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on American International Group from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, August 10th. JPMorgan Chase & Co. increased their price objective on American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Mizuho raised their target price on American International Group from $86.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. HSBC reduced their target price on American International Group from $94.00 to $88.00 and set a “buy” rating for the company in a report on Monday, July 6th. Finally, UBS Group upped their price target on American International Group from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Eight equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $88.37.

American International Group Company Profile

American International Group, Inc (NYSE:AIG) is a global insurance organization that provides commercial and personal insurance products and services. Through its General Insurance business, AIG offers property, casualty, liability, workers’ compensation, accident, specialty, and other insurance solutions to businesses, institutions, and individuals.

AIG serves multinational corporations, small and midsize businesses, public-sector organizations, and individual policyholders through a network spanning numerous countries and jurisdictions.