Valeo Financial Advisors LLC Raises Position in American International Group, Inc. $AIG

Valeo Financial Advisors LLC increased its holdings in American International Group, Inc. (NYSE:AIG) by 3.5% during the second quarter, Holdings Channel.com reports. The firm owned 12,740 shares of the insurance provider’s stock after acquiring an additional 435 shares during the quarter. Valeo Financial Advisors LLC’s holdings in American International Group were worth $1,090,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GQG Partners LLC increased its holdings in shares of American International Group by 33,315.0% in the first quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock worth $1,643,995,000 after buying an additional 18,852,949 shares during the period. Nuveen LLC purchased a new position in American International Group in the 1st quarter worth approximately $440,273,000. AQR Capital Management LLC increased its stake in American International Group by 184.4% in the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock worth $287,214,000 after purchasing an additional 2,162,545 shares during the period. Raymond James Financial Inc. increased its stake in American International Group by 151.6% in the 1st quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock worth $285,682,000 after purchasing an additional 1,980,001 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in American International Group by 20.4% in the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider’s stock worth $974,840,000 after purchasing an additional 1,901,998 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

American International Group stock opened at $84.04 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $46.56 billion, a P/E ratio of 15.92, a PEG ratio of 0.89 and a beta of 0.68. The stock’s 50 day moving average is $79.48 and its 200 day moving average is $81.69. American International Group, Inc. has a twelve month low of $69.24 and a twelve month high of $88.07.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same period in the prior year, the firm posted $1.16 earnings per share. On average, equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. American International Group’s dividend payout ratio is presently 34.09%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AIG. Citigroup began coverage on shares of American International Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 target price on the stock. Morgan Stanley decreased their price objective on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Tuesday. William Blair upgraded shares of American International Group to a “strong-buy” rating in a research report on Friday, August 1st. Keefe, Bruyette & Woods decreased their price objective on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American International Group in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, American International Group currently has an average rating of “Moderate Buy” and a consensus price target of $88.44.

About American International Group

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.