American International Group, Inc. $AIG Holdings Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in American International Group, Inc. (NYSE:AIG) by 3.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,114,450 shares of the insurance provider’s stock after buying an additional 38,644 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.19% of American International Group worth $95,386,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AIG. Parkside Financial Bank & Trust lifted its stake in shares of American International Group by 24.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,167 shares of the insurance provider’s stock worth $185,000 after acquiring an additional 421 shares during the period. Aviva PLC raised its position in shares of American International Group by 26.3% during the second quarter. Aviva PLC now owns 436,483 shares of the insurance provider’s stock worth $37,359,000 after purchasing an additional 90,866 shares during the period. Los Angeles Capital Management LLC raised its position in shares of American International Group by 779.4% during the second quarter. Los Angeles Capital Management LLC now owns 27,728 shares of the insurance provider’s stock worth $2,373,000 after purchasing an additional 24,575 shares during the period. Prospera Financial Services Inc lifted its holdings in shares of American International Group by 43.0% during the second quarter. Prospera Financial Services Inc now owns 28,593 shares of the insurance provider’s stock valued at $2,447,000 after purchasing an additional 8,596 shares during the last quarter. Finally, RWA Wealth Partners LLC boosted its position in shares of American International Group by 5.4% in the 2nd quarter. RWA Wealth Partners LLC now owns 4,641 shares of the insurance provider’s stock valued at $397,000 after purchasing an additional 237 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 stock opened at $76.80 on Friday. The firm has a market cap of $42.55 billion, a P/E ratio of 14.55, a PEG ratio of 0.77 and a beta of 0.73. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The stock’s 50-day moving average is $79.13 and its two-hundred day moving average is $81.19.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, November 4th. The insurance provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the firm earned $1.23 earnings per share. Analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is 32.73%.

Wall Street Analyst Weigh In

Several research firms have issued reports on AIG. Cantor Fitzgerald upgraded American International Group to a “hold” rating in a report on Tuesday, August 12th. Bank of America boosted their price target on shares of American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, October 13th. Wall Street Zen downgraded shares of American International Group from a “buy” rating to a “hold” rating in a research report on Saturday. Keefe, Bruyette & Woods lowered their price objective on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Finally, Evercore ISI boosted their target price on shares of American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.93.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.