61,000 Shares in American International Group, Inc. $AIG Bought by Compass Rose Asset Management LP

Compass Rose Asset Management LP acquired a new position in shares of American International Group, Inc. (NYSE:AIG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 61,000 shares of the insurance provider’s stock, valued at approximately $5,219,000. American International Group comprises approximately 0.4% of Compass Rose Asset Management LP’s holdings, making the stock its 18th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of AIG. Caprock Group LLC acquired a new position in American International Group in the 3rd quarter worth about $3,054,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in American International Group in the 3rd quarter worth about $2,257,000. Diamond Hill Capital Management Inc. increased its holdings in American International Group by 4.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider’s stock worth $951,230,000 after purchasing an additional 499,330 shares in the last quarter. Nordea Investment Management AB increased its holdings in American International Group by 129.9% in the 4th quarter. Nordea Investment Management AB now owns 136,069 shares of the insurance provider’s stock worth $11,695,000 after purchasing an additional 76,874 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in American International Group in the 3rd quarter worth about $77,054,000. 90.60% of the stock is currently owned by institutional investors.

American International Group Trading Up 1.1%

Shares of AIG stock opened at $73.37 on Friday. The stock has a market cap of $38.90 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 0.66 and a beta of 0.52. The stock has a 50-day moving average of $76.04 and a 200-day moving average of $77.45. 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, Inc. has a 1-year low of $71.25 and a 1-year high of $87.46.

American International Group (NYSE:AIG) last issued its quarterly 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 company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted $1.17 earnings per share. On average, equities research analysts forecast that American International Group, Inc. will post 7.99 earnings per share for the current year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. American International Group’s payout ratio is currently 31.75%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AIG shares. Morgan Stanley lowered their target price on American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. HSBC upped their target price on American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, May 4th. BMO Capital Markets upped their target price on American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. Barclays upped their target price on American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Cantor Fitzgerald upped their target price on American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $88.06.

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.