Corps Capital Advisors LLC Invests $619,000 in American International Group, Inc. $AIG

Corps Capital Advisors LLC bought a new position in American International Group, Inc. (NYSE:AIG) in the 4th quarter, Holdings Channel.com reports. The firm bought 7,238 shares of the insurance provider’s stock, valued at approximately $619,000.

Other hedge funds also recently made changes to their positions in the company. Modus Advisors LLC acquired a new stake in shares of American International Group in the 4th quarter worth $27,000. Navalign LLC acquired a new stake in shares of American International Group in the 4th quarter worth $29,000. Aventura Private Wealth LLC acquired a new stake in shares of American International Group in the 4th quarter worth $39,000. JPL Wealth Management LLC acquired a new stake in shares of American International Group in the 3rd quarter worth $39,000. Finally, Jessup Wealth Management Inc acquired a new stake in shares of American International Group in the 4th quarter worth $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG opened at $75.60 on Friday. The company has a 50-day simple moving average of $76.07 and a 200-day simple moving average of $77.38. 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 company has a market capitalization of $40.08 billion, a PE ratio of 13.33, a P/E/G ratio of 0.69 and a beta of 0.52. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $87.29.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The business had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same quarter last year, the firm posted $1.17 EPS. Equities research analysts predict that American International Group, Inc. will post 7.99 earnings per share 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. Shareholders of record on Monday, June 15th will be issued a dividend of $0.50 per share. This is an increase from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, June 15th. This represents a $2.00 annualized dividend and a yield of 2.6%. American International Group’s payout ratio is 31.75%.

Wall Street Analyst Weigh In

AIG has been the subject of a number of research analyst reports. Bank of America cut their price target on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Cantor Fitzgerald increased their price target on shares of American International Group from $81.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, May 4th. JPMorgan Chase & Co. cut their price target on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Morgan Stanley cut their price target on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Finally, BMO Capital Markets increased their price target on shares of American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $87.78.

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.