American International Group, Inc. $AIG Shares Bought by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP raised its stake in American International Group, Inc. (NYSE:AIG) by 3,609.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 264,619 shares of the insurance provider’s stock after buying an additional 257,485 shares during the quarter. Hudson Bay Capital Management LP’s holdings in American International Group were worth $20,783,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC purchased a new stake in shares of American International Group in the fourth quarter valued at about $1,091,000. Sivia Capital Partners LLC increased its position in American International Group by 30.7% during the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after purchasing an additional 1,185 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in American International Group during the second quarter worth about $599,000. Creative Planning raised its stake in American International Group by 15.2% during the second quarter. Creative Planning now owns 89,516 shares of the insurance provider’s stock worth $7,662,000 after purchasing an additional 11,782 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in American International Group by 2.2% in the 2nd quarter. Cetera Investment Advisers now owns 70,381 shares of the insurance provider’s stock valued at $6,024,000 after purchasing an additional 1,488 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

Shares of AIG opened at $74.32 on Thursday. The firm has a 50-day simple moving average of $76.47 and a two-hundred day simple moving average of $78.62. The stock has a market cap of $39.87 billion, a PE ratio of 13.71, a P/E/G ratio of 0.58 and a beta of 0.58. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $88.07. 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 Thursday, February 12th. The insurance provider reported $1.96 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the business posted $1.30 EPS. As a group, analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

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 paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, March 16th. American International Group’s dividend payout ratio is 33.21%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. TD Cowen increased their price target on shares of American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Barclays reduced their price target on shares of American International Group from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Jefferies Financial Group increased their price objective on American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Evercore cut their target price on American International Group from $90.00 to $85.00 in a research note on Friday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their target price on American International Group from $96.00 to $97.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, American International Group presently has a consensus rating of “Hold” and a consensus target price of $88.17.

American International Group Company 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.