Shayne & Jacobs LLC Has $1.95 Million Holdings in American International Group, Inc. $AIG

Shayne & Jacobs LLC decreased its position in shares of American International Group, Inc. (NYSE:AIG) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,780 shares of the insurance provider’s stock after selling 150 shares during the period. American International Group accounts for 0.6% of Shayne & Jacobs LLC’s investment portfolio, making the stock its 28th biggest holding. Shayne & Jacobs LLC’s holdings in American International Group were worth $1,950,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AIG. GQG Partners LLC lifted its position 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 last quarter. Nuveen LLC acquired a new position in American International Group during the 1st quarter worth $440,273,000. AQR Capital Management LLC lifted its position 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 last quarter. Raymond James Financial Inc. lifted its position in American International Group by 151.6% during the 1st quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock worth $285,682,000 after acquiring an additional 1,980,001 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position 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 last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on AIG shares. The Goldman Sachs Group boosted their price objective on shares of American International Group from $85.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Wall Street Zen upgraded shares of American International Group from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. William Blair upgraded shares of American International Group to a “strong-buy” rating in a report on Friday, August 1st. Citigroup started coverage on shares of American International Group in a report on Wednesday, August 13th. They set a “neutral” rating and a $85.00 price objective on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of American International Group in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.53.

American International Group Stock Performance

NYSE AIG opened at $81.34 on Friday. The stock has a market cap of $45.06 billion, a P/E ratio of 15.41, a PEG ratio of 0.88 and a beta of 0.68. The company’s 50-day simple moving average is $79.80 and its 200 day simple moving average is $81.68. American International Group, Inc. has a twelve month low of $69.24 and a twelve month high of $88.07. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.21. The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same period in the prior year, the firm earned $1.16 earnings per share. As a group, research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, September 16th. American International Group’s dividend payout ratio is presently 34.09%.

American International Group Company 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.