Citizens Financial Group Inc. RI Has $712,000 Position in American International Group, Inc. $AIG

Citizens Financial Group Inc. RI increased its holdings in American International Group, Inc. (NYSE:AIG) by 27.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,313 shares of the insurance provider’s stock after purchasing an additional 1,775 shares during the period. Citizens Financial Group Inc. RI’s holdings in American International Group were worth $712,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. raised its holdings in shares of American International Group by 1.6% in the 1st quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider’s stock worth $670,000 after buying an additional 122 shares in the last quarter. Aaron Wealth Advisors LLC raised its stake in American International Group by 2.4% during the second quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider’s stock worth $468,000 after acquiring an additional 126 shares in the last quarter. Monument Capital Management raised its stake in American International Group by 3.5% during the second quarter. Monument Capital Management now owns 3,828 shares of the insurance provider’s stock worth $328,000 after acquiring an additional 129 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of American International Group by 2.9% during the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock valued at $396,000 after acquiring an additional 130 shares during the period. Finally, Carnegie Investment Counsel boosted its stake in shares of American International Group by 3.1% in the 1st quarter. Carnegie Investment Counsel now owns 4,311 shares of the insurance provider’s stock valued at $375,000 after purchasing an additional 131 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of American International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Cfra Research raised shares of American International Group to a “moderate buy” rating in a report on Monday, August 11th. Wells Fargo & Company lifted their target price on shares of American International Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 12th. UBS Group increased their price target on American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald raised American International Group to a “hold” rating in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.00.

American International Group Trading Up 0.8%

AIG opened at $77.04 on Wednesday. American International Group, Inc. has a 1-year low of $69.24 and a 1-year high of $88.07. The stock has a market capitalization of $41.57 billion, a PE ratio of 14.59, a PEG ratio of 0.77 and a beta of 0.73. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $78.71 and a two-hundred day moving average price of $80.95.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the business earned $1.23 earnings per share. As a group, equities analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

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

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.