Universal Beteiligungs und Servicegesellschaft mbH Increases Holdings in American International Group, Inc. $AIG

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in American International Group, Inc. (NYSE:AIG) by 7.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 393,446 shares of the insurance provider’s stock after buying an additional 27,709 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in American International Group were worth $30,901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Eastern Bank raised its position in American International Group by 2,473.3% during the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after buying an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of American International Group in the second quarter worth $32,000. GFG Capital LLC purchased a new position in shares of American International Group during the second quarter worth $33,000. Motco lifted its position in American International Group by 950.0% during the third quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 380 shares during the period. Finally, Barrett & Company Inc. acquired a new position in American International Group during the second quarter valued at $35,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AIG. Morgan Stanley reduced their price objective on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Mizuho reduced their price target on American International Group from $84.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. JPMorgan Chase & Co. boosted their price target on American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Evercore ISI raised their price objective on shares of American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, American International Group has an average rating of “Hold” and a consensus target price of $87.68.

American International Group Stock Up 0.5%

American International Group stock opened at $72.22 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $38.97 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. The business has a 50 day simple moving average of $79.23 and a 200-day simple moving average of $79.49. American International Group, Inc. has a 12 month low of $71.36 and a 12 month high of $88.07.

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, beating analysts’ consensus estimates of $1.57 by $0.63. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.82 billion. American International Group had a return on equity of 9.09% and a net margin of 11.89%.During the same quarter last year, the firm posted $1.23 EPS. On average, analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were given a $0.45 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.5%. American International Group’s dividend payout ratio (DPR) is 32.73%.

American International Group Company Profile

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.