American International Group, Inc. $AIG Stock Holdings Boosted by Algebris UK Ltd.

Algebris UK Ltd. raised its position in shares of American International Group, Inc. (NYSE:AIG) by 135.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 451,264 shares of the insurance provider’s stock after buying an additional 259,721 shares during the period. American International Group comprises about 1.8% of Algebris UK Ltd.’s investment portfolio, making the stock its 13th biggest holding. Algebris UK Ltd.’s holdings in American International Group were worth $38,643,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AIG. Capital Research Global Investors boosted its stake in American International Group by 79.6% during the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after purchasing an additional 12,645,616 shares in the last quarter. Vanguard Group Inc. boosted its stake in 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 valued at $5,378,635,000 after purchasing an additional 7,117,583 shares in the last quarter. Wellington Management Group LLP boosted its stake in American International Group by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock valued at $2,045,657,000 after purchasing an additional 1,899,203 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in American International Group by 22.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock valued at $805,529,000 after purchasing an additional 1,846,979 shares in the last quarter. Finally, Viking Global Investors LP bought a new position in American International Group during the 2nd quarter valued at $155,413,000. 90.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AIG has been the subject of a number of research reports. Morgan Stanley decreased their price target on American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. HSBC increased their price target on American International Group from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. BMO Capital Markets raised their price objective on American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Barclays raised their price objective on American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Finally, Mizuho raised their price objective on American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. 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. According to MarketBeat.com, American International Group currently has a consensus rating of “Hold” and a consensus price target of $88.06.

American International Group Stock Performance

AIG opened at $77.94 on Thursday. The firm has a market cap of $41.32 billion, a PE ratio of 13.75, a P/E/G ratio of 0.74 and a beta of 0.53. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $76.18 and a 200-day simple moving average of $77.65. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.46.

American International Group (NYSE:AIG) last released its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share 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 analyst estimates 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 last year, the company posted $1.17 EPS. As a group, equities analysts predict that American International Group, Inc. will post 7.95 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be issued a $0.50 dividend. The ex-dividend date is Monday, June 15th. This is an increase 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 2.6%. American International Group’s dividend payout ratio is currently 31.75%.

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.