OMERS ADMINISTRATION Corp Purchases 7,836 Shares of American International Group, Inc. $AIG

OMERS ADMINISTRATION Corp boosted its holdings in American International Group, Inc. (NYSE:AIG) by 27.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,766 shares of the insurance provider’s stock after buying an additional 7,836 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in American International Group were worth $2,767,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its position in shares of American International Group by 20.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,932 shares of the insurance provider’s stock worth $7,608,000 after buying an additional 15,116 shares during the period. Norges Bank acquired a new position in American International Group in the fourth quarter valued at $636,782,000. Perpetual Ltd boosted its position in American International Group by 60.4% during the fourth quarter. Perpetual Ltd now owns 715,870 shares of the insurance provider’s stock valued at $61,243,000 after acquiring an additional 269,600 shares during the last quarter. Danske Bank A S boosted its position in American International Group by 7.7% during the fourth quarter. Danske Bank A S now owns 351,972 shares of the insurance provider’s stock valued at $30,111,000 after acquiring an additional 25,200 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in American International Group by 4.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,156,343 shares of the insurance provider’s stock worth $97,445,000 after acquiring an additional 50,775 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG opened at $80.89 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a 50-day moving average of $76.82 and a 200-day moving average of $76.47. The company has a market cap of $42.89 billion, a PE ratio of 14.27, a P/E/G ratio of 0.73 and a beta of 0.53. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. The business had revenue of $6.65 billion for the quarter, compared to the consensus estimate 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 prior year, the business earned $1.17 EPS. On average, equities research analysts predict that American International Group, Inc. will post 7.97 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. American International Group’s payout ratio is currently 35.27%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. 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. Weiss Ratings upgraded American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Mizuho boosted their price target on American International Group from $86.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. The Goldman Sachs Group increased their price target on American International Group from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $88.22.

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.