United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New $428,000 Investment in American International Group, Inc. $AIG

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in American International Group, Inc. (NYSE:AIG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,000 shares of the insurance provider’s stock, valued at approximately $428,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aaron Wealth Advisors LLC boosted its holdings in American International Group by 2.4% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider’s stock valued at $468,000 after acquiring an additional 126 shares during the period. Monument Capital Management increased its stake in American International Group by 3.5% during the second quarter. Monument Capital Management now owns 3,828 shares of the insurance provider’s stock worth $328,000 after purchasing an additional 129 shares during the period. Westwood Holdings Group Inc. lifted its position in shares of American International Group by 2.9% during the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after purchasing an additional 130 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of American International Group by 0.6% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 23,089 shares of the insurance provider’s stock valued at $2,007,000 after purchasing an additional 132 shares during the period. Finally, Intelligence Driven Advisers LLC grew its holdings in shares of American International Group by 4.6% in the second quarter. Intelligence Driven Advisers LLC now owns 3,049 shares of the insurance provider’s stock valued at $261,000 after purchasing an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on AIG. Evercore ISI increased their target price 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. Cantor Fitzgerald upgraded American International Group to a “hold” rating in a research note on Tuesday, August 12th. Morgan Stanley decreased their target price on 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. Wells Fargo & Company upped their price target on American International Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 12th. Finally, Wolfe Research started coverage on American International Group in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.44.

American International Group Price Performance

Shares of NYSE AIG opened at $76.13 on Friday. The stock’s 50-day simple moving average is $78.43 and its 200-day simple moving average is $80.65. The firm has a market capitalization of $41.08 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate 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 company posted $1.23 earnings per share. As a group, equities research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis 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 (DPR) is 32.73%.

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.