American International Group, Inc. $AIG Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its stake in shares of American International Group, Inc. (NYSE:AIG) by 33.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 55,212 shares of the insurance provider’s stock after acquiring an additional 13,844 shares during the period. Rockefeller Capital Management L.P.’s holdings in American International Group were worth $4,723,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Modus Advisors LLC acquired a new stake in American International Group in the fourth quarter valued at approximately $27,000. Navalign LLC acquired a new position in shares of American International Group during the fourth quarter worth $29,000. Mcguire Capital Advisors Inc. acquired a new position in shares of American International Group during the fourth quarter worth $29,000. SHP Wealth Management purchased a new position in shares of American International Group in the fourth quarter valued at $34,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of American International Group in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AIG. Mizuho lifted their price target on shares of American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Bank of America lowered their target price on American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings lowered American International Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group cut their price target on American International Group from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Finally, BMO Capital Markets raised their price objective on American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $87.78.

American International Group Trading Up 0.8%

NYSE AIG opened at $75.47 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29. The company has a 50-day simple moving average of $75.77 and a 200-day simple moving average of $77.31. The firm has a market capitalization of $40.01 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.69 and a beta of 0.52.

American International Group (NYSE:AIG) last released its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. On average, equities analysts forecast that American International Group, Inc. will post 7.98 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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s payout ratio is currently 35.27%.

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.