Stonehage Fleming Financial Services Holdings Ltd Takes Position in American International Group, Inc. $AIG

Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in American International Group, Inc. (NYSE:AIG) during the second quarter, Holdings Channel reports. The fund purchased 10,968 shares of the insurance provider’s stock, valued at approximately $939,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AIG. Brighton Jones LLC purchased a new stake in shares of American International Group in the 4th quarter valued at approximately $1,091,000. Farther Finance Advisors LLC grew its holdings in shares of American International Group by 55.3% in the first quarter. Farther Finance Advisors LLC now owns 7,223 shares of the insurance provider’s stock valued at $627,000 after purchasing an additional 2,571 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of American International Group by 18.6% in the first quarter. GAMMA Investing LLC now owns 13,187 shares of the insurance provider’s stock valued at $1,146,000 after purchasing an additional 2,069 shares in the last quarter. Simon Quick Advisors LLC acquired a new position in shares of American International Group in the first quarter valued at approximately $204,000. Finally, NorthCrest Asset Manangement LLC grew its holdings in shares of American International Group by 48.7% in the first quarter. NorthCrest Asset Manangement LLC now owns 29,352 shares of the insurance provider’s stock valued at $2,552,000 after purchasing an additional 9,615 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AIG has been the subject of a number of research reports. Citigroup initiated coverage on shares of American International Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 price objective for the company. UBS Group lifted their price objective on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley dropped their price objective on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Jefferies Financial Group lifted their price objective on shares of American International Group from $96.00 to $99.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Finally, Evercore ISI boosted their price target on shares of American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, American International Group presently has a consensus rating of “Moderate Buy” and an average price target of $89.53.

American International Group Trading Down 2.2%

NYSE AIG opened at $81.34 on Friday. 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, Inc. has a 52 week low of $69.24 and a 52 week high of $88.07. The stock has a market capitalization of $45.06 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 0.86 and a beta of 0.68. The firm has a 50 day moving average of $79.80 and a two-hundred day moving average of $81.66.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion during 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 quarter in the previous year, the business posted $1.16 EPS. As a group, research analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, September 16th. American International Group’s payout ratio is currently 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.