Rose Capital Advisors LLC Takes Position in American International Group, Inc. $AIG

Rose Capital Advisors LLC bought a new position in shares of American International Group, Inc. (NYSE:AIG) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 25,760 shares of the insurance provider’s stock, valued at approximately $1,920,000. American International Group accounts for 1.0% of Rose Capital Advisors LLC’s holdings, making the stock its 24th biggest position.

Several other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in American International Group in the 4th quarter valued at $1,091,000. Sivia Capital Partners LLC boosted its position in shares of American International Group by 30.7% in the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after acquiring an additional 1,185 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of American International Group in the second quarter valued at about $217,000. Ieq Capital LLC grew its stake in shares of American International Group by 11.5% in the second quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock valued at $20,958,000 after acquiring an additional 25,311 shares in the last quarter. Finally, HUB Investment Partners LLC acquired a new position in shares of American International Group in the second quarter valued at about $269,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AIG has been the topic of a number of recent research reports. Argus restated a “buy” rating and set a $90.00 price objective on shares of American International Group in a research note on Wednesday. Weiss Ratings raised shares of American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Cantor Fitzgerald dropped their price objective on shares of American International Group from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Mizuho raised their target price on shares of American International Group from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, HSBC decreased their target price on shares of American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Eight research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $88.37.

American International Group Stock Performance

Shares of AIG stock opened at $76.18 on Friday. The firm has a market capitalization of $39.83 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 0.85 and a beta of 0.50. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $77.96 and its 200-day moving average price is $76.99. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29.

American International Group (NYSE:AIG) last released its quarterly earnings data on Friday, August 7th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.08. The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.25 billion. American International Group had a return on equity of 11.05% and a net margin of 11.13%.During the same quarter in the prior year, the firm posted $1.81 earnings per share. Equities research analysts forecast that American International Group, Inc. will post 8.02 EPS for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, September 16th. American International Group’s payout ratio is presently 36.56%.

Insider Transactions at American International Group

In other news, insider Peter Zaffino sold 200,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $76.47, for a total transaction of $15,294,000.00. Following the completion of the transaction, the insider owned 592,833 shares of the company’s stock, valued at approximately $45,333,939.51. This trade represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

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.