North Dakota State Investment Board Invests $1.69 Million in American International Group, Inc. $AIG

North Dakota State Investment Board bought a new position in American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 19,780 shares of the insurance provider’s stock, valued at approximately $1,692,000.

Several other institutional investors have also made changes to their positions in AIG. Westfuller Advisors LLC purchased a new position in shares of American International Group in the third quarter worth approximately $26,000. Atlantic Union Bankshares Corp increased its position in shares of 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 acquiring an additional 355 shares in the last quarter. Navalign LLC purchased a new position in shares of American International Group in the fourth quarter worth approximately $29,000. Aventura Private Wealth LLC purchased a new position in shares of American International Group in the fourth quarter worth approximately $39,000. Finally, JPL Wealth Management LLC purchased a new position in shares of American International Group in the third quarter worth approximately $39,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Performance

AIG stock opened at $77.48 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $41.08 billion, a P/E ratio of 13.66, a P/E/G ratio of 0.75 and a beta of 0.53. The firm has a 50 day simple moving average of $76.18 and a 200 day simple moving average of $77.65. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.46.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, topping the consensus estimate of $1.89 by $0.22. The business had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same period last year, the company posted $1.17 earnings per share. Research analysts anticipate that American International Group, Inc. will post 7.95 earnings per share 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 issued a dividend of $0.50 per share. This is an increase from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. American International Group’s dividend payout ratio is 31.75%.

Analyst Ratings Changes

Several research firms have recently weighed in on AIG. Wells Fargo & Company dropped their target price on shares of American International Group from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their target price on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Barclays lifted their target price on shares of American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Evercore dropped their target price on shares of American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. Finally, Piper Sandler dropped their target price on shares of American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, American International Group has an average rating of “Hold” and a consensus target price of $88.06.

American International Group Company 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.