Macquarie Group Ltd. Has $41.49 Million Stock Position in American International Group, Inc. $AIG

Macquarie Group Ltd. lifted its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 484,989 shares of the insurance provider’s stock after purchasing an additional 17,029 shares during the quarter. Macquarie Group Ltd.’s holdings in American International Group were worth $41,491,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of American International Group by 11.6% during the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after purchasing an additional 7,117,583 shares in the last quarter. Capital Research Global Investors boosted its stake in American International Group by 79.6% in the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after buying an additional 12,645,616 shares in the last quarter. Wellington Management Group LLP boosted its stake in American International Group by 7.9% in the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock valued at $2,045,657,000 after buying an additional 1,899,203 shares in the last quarter. Franklin Resources Inc. boosted its stake in American International Group by 36.9% in the fourth quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock valued at $1,336,147,000 after buying an additional 4,210,363 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in American International Group by 22.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock valued at $805,529,000 after buying an additional 1,846,979 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of AIG stock opened at $75.60 on Friday. The business’s 50-day moving average price is $76.07 and its 200-day moving average price is $77.38. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The firm has a market capitalization of $40.08 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.69 and a beta of 0.52. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same period last year, the firm posted $1.17 earnings per share. Equities research analysts forecast that American International Group, Inc. will post 7.99 EPS for the current year.

American International Group Increases Dividend

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

Wall Street Analyst Weigh In

AIG has been the topic of several research analyst reports. Citigroup raised their price objective on American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. HSBC increased their price objective on shares of American International Group from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. The Goldman Sachs Group dropped their price objective on shares of American International Group from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, June 8th. JPMorgan Chase & Co. cut 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. Finally, BMO Capital Markets raised their target price on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. 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.com, the company currently has an average rating of “Hold” and an average target price of $87.78.

About American International Group

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.