Vinva Investment Management Ltd Purchases 1,692 Shares of American International Group, Inc. $AIG

Vinva Investment Management Ltd lifted its position in shares of American International Group, Inc. (NYSE:AIG) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,584 shares of the insurance provider’s stock after acquiring an additional 1,692 shares during the period. Vinva Investment Management Ltd’s holdings in American International Group were worth $21,112,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AIG. GQG Partners LLC increased its holdings in shares of American International Group by 33,315.0% in the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock worth $1,643,995,000 after purchasing an additional 18,852,949 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of American International Group by 6.1% during the second quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock valued at $1,072,969,000 after buying an additional 716,209 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of American International Group by 22.8% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock valued at $792,340,000 after buying an additional 1,694,290 shares during the last quarter. Nuveen LLC bought a new stake in American International Group in the 1st quarter worth about $440,273,000. Finally, Massachusetts Financial Services Co. MA raised its position in American International Group by 21.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,341,348 shares of the insurance provider’s stock worth $285,986,000 after buying an additional 600,629 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Price Performance

NYSE AIG opened at $76.13 on Thursday. The business’s fifty day moving average is $78.47 and its 200 day moving average is $80.68. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $41.08 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the business posted $1.23 earnings per share. Sell-side analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of American International Group from $93.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Citigroup started coverage on shares of American International Group in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 target price for the company. William Blair raised American International Group to a “strong-buy” rating in a report on Friday, August 1st. HSBC cut their price objective on American International Group from $93.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Finally, Cfra Research raised 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, eight have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, American International Group currently has a consensus rating of “Moderate Buy” and an average price target of $89.44.

American International Group 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.