Russell Investments Group Ltd. Boosts Holdings in American International Group, Inc. $AIG

Russell Investments Group Ltd. increased its stake in shares of American International Group, Inc. (NYSE:AIG) by 19.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,376,817 shares of the insurance provider’s stock after acquiring an additional 221,614 shares during the quarter. Russell Investments Group Ltd. owned about 0.25% of American International Group worth $117,472,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AIG. GFG Capital LLC purchased a new stake in American International Group during the second quarter valued at $33,000. Barrett & Company Inc. bought a new stake in shares of American International Group during the 2nd quarter worth approximately $35,000. NewSquare Capital LLC boosted its stake in shares of American International Group by 58.6% during the second quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 154 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of American International Group during the second quarter worth approximately $40,000. Finally, Hemington Wealth Management increased its holdings in American International Group by 42.8% during the 1st quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 142 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 1.5%

AIG stock opened at $76.13 on Thursday. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The company has a market cap of $41.08 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 0.77 and a beta of 0.73. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $78.47 and a two-hundred day moving average of $80.68.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.63. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.82 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same period in the prior year, the business earned $1.23 EPS. As a group, 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 16th. American International Group’s dividend payout ratio is 32.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AIG shares. The Goldman Sachs Group lowered their price target on shares of American International Group from $86.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday, November 19th. Wells Fargo & Company lifted their target price on shares of American International Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 12th. William Blair upgraded American International Group to a “strong-buy” rating in a research note on Friday, August 1st. UBS Group upped their price target on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada began coverage on shares of American International Group in a research note on Tuesday. They issued a “sector perform” rating and a $85.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.44.

About American International Group

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.