American International Group, Inc. $AIG Shares Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR boosted its stake in American International Group, Inc. (NYSE:AIG) by 493.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 41,083 shares of the insurance provider’s stock after acquiring an additional 34,164 shares during the quarter. Generali Asset Management SPA SGR’s holdings in American International Group were worth $3,515,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AIG. Westfuller Advisors LLC acquired a new position in shares of American International Group during the third quarter valued at approximately $26,000. Atlantic Union Bankshares Corp lifted its position in American International Group by 7,100.0% in the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 355 shares during the period. Eastern Bank lifted its position in American International Group by 2,473.3% in the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 371 shares during the period. Aventura Private Wealth LLC bought a new position in American International Group during the 4th quarter valued at $39,000. Finally, JPL Wealth Management LLC bought a new position in American International Group during the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

Shares of NYSE:AIG opened at $76.30 on Friday. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.46. The stock has a fifty day moving average of $76.70 and a 200-day moving average of $77.77. The company has a market capitalization of $40.45 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.74 and a beta of 0.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.61 and a current ratio of 0.65.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, April 30th. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. The business had revenue of $7.02 billion for the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same period in the previous year, the firm posted $1.17 EPS. As a group, equities analysts anticipate that American International Group, Inc. will post 7.9 EPS for the current fiscal year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a $0.50 dividend. This is a positive change from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. American International Group’s dividend payout ratio is 31.75%.

Analysts Set New Price Targets

AIG has been the topic of a number of research reports. Bank of America dropped their price objective on American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. UBS Group raised their target price on American International Group from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. BMO Capital Markets lifted their target price on American International Group from $83.00 to $89.00 in a report on Thursday. Cantor Fitzgerald boosted their price target on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Citigroup upped their price target on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $88.06.

American International Group Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.