CHURCHILL MANAGEMENT Corp Boosts Stock Position in American International Group, Inc. $AIG

CHURCHILL MANAGEMENT Corp lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 179,565 shares of the insurance provider’s stock after acquiring an additional 4,885 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in American International Group were worth $15,369,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AIG. Sachetta LLC grew its position in shares of American International Group by 194.5% in the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock valued at $33,000 after buying an additional 249 shares during the last quarter. Hemington Wealth Management boosted its stake in American International Group by 42.8% in the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 142 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of American International Group during the first quarter worth about $47,000. WPG Advisers LLC acquired a new stake in shares of American International Group during the first quarter worth about $47,000. Finally, SouthState Corp increased its position in shares of American International Group by 798.5% during the first quarter. SouthState Corp now owns 584 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 519 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AIG. Wall Street Zen downgraded American International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Cantor Fitzgerald upgraded shares of American International Group to a “hold” rating in a research report on Tuesday, August 12th. Wolfe Research assumed coverage on shares of American International Group in a report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Citigroup assumed coverage on shares of American International Group in a research note on Wednesday, August 13th. They set a “neutral” rating and a $85.00 price target for the company. Finally, Cfra Research raised shares of American International Group to a “moderate buy” rating in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.33.

American International Group Stock Performance

NYSE:AIG opened at $79.71 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $44.16 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 0.84 and a beta of 0.68. The firm’s fifty day moving average price is $79.27 and its 200 day moving average price is $81.75. American International Group, Inc. has a 1-year low of $69.24 and a 1-year high of $88.07.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter in the prior year, the firm earned $1.16 EPS. On average, sell-side analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 16th. American International Group’s payout ratio is currently 34.09%.

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.