Optas LLC Acquires 498 Shares of American International Group, Inc. $AIG

Optas LLC lifted its holdings in American International Group, Inc. (NYSE:AIG) by 18.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,184 shares of the insurance provider’s stock after purchasing an additional 498 shares during the period. Optas LLC’s holdings in American International Group were worth $273,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GQG Partners LLC raised its stake in American International Group by 33,315.0% during the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock worth $1,643,995,000 after acquiring an additional 18,852,949 shares during the period. Bank of New York Mellon Corp raised its stake in American International Group by 20.4% during the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider’s stock worth $974,840,000 after acquiring an additional 1,901,998 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in American International Group by 22.8% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock worth $792,340,000 after acquiring an additional 1,694,290 shares during the period. Nuveen LLC bought a new stake in American International Group during the 1st quarter worth approximately $440,273,000. Finally, AQR Capital Management LLC raised its stake in American International Group by 184.4% during the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock worth $287,214,000 after acquiring an additional 2,162,545 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Trading Down 1.0%

Shares of AIG opened at $83.14 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The company has a 50 day simple moving average of $79.72 and a two-hundred day simple moving average of $81.70. The firm has a market cap of $46.06 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 0.89 and a beta of 0.68.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same period last year, the firm posted $1.16 EPS. On average, equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. American International Group’s dividend payout ratio (DPR) is 34.09%.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their target price on shares of American International Group from $85.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday. Morgan Stanley decreased their target price on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods decreased their target price on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. Piper Sandler decreased their target price on shares of American International Group from $96.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Finally, William Blair raised shares of American International Group to a “strong-buy” rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.53.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.