Wellington Management Group LLP Has $2.26 Billion Stake in American International Group, Inc. $AIG

Wellington Management Group LLP increased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,331,704 shares of the insurance provider’s stock after buying an additional 1,961,270 shares during the period. Wellington Management Group LLP owned 5.80% of American International Group worth $2,260,622,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of American International Group during the 4th quarter valued at $636,782,000. Danske Bank A S raised its holdings in shares of American International Group by 7.7% in the fourth quarter. Danske Bank A S now owns 351,972 shares of the insurance provider’s stock worth $30,111,000 after buying an additional 25,200 shares during the last quarter. Lee Danner & Bass Inc. raised its holdings in shares of American International Group by 194.2% in the first quarter. Lee Danner & Bass Inc. now owns 33,781 shares of the insurance provider’s stock worth $2,542,000 after buying an additional 22,300 shares during the last quarter. Swiss National Bank lifted its stake in shares of American International Group by 4.3% during the first quarter. Swiss National Bank now owns 1,583,564 shares of the insurance provider’s stock worth $119,163,000 after buying an additional 65,400 shares during the period. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in shares of American International Group during the fourth quarter valued at $12,732,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on AIG. Barclays upped their target price on American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Cantor Fitzgerald lowered their price target on American International Group from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Keefe, Bruyette & Woods boosted their price target on American International Group from $95.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Mizuho increased their price objective on American International Group from $86.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Morgan Stanley decreased their target price on American International Group from $82.00 to $81.00 and set an “equal weight” rating for the company in a report on Wednesday, August 12th. Seven analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.28.

Insider Buying and Selling

In related news, insider Peter Zaffino sold 36,829 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the sale, the insider directly owned 556,004 shares of the company’s stock, valued at $42,334,144.56. This trade represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

American International Group Trading Up 0.5%

NYSE AIG opened at $77.02 on Friday. The company has a market capitalization of $40.27 billion, a PE ratio of 14.08, a P/E/G ratio of 0.70 and a beta of 0.53. The company has a fifty day moving average of $77.92 and a 200 day moving average of $77.01. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.92 by $0.08. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.25 billion. American International Group had a net margin of 11.13% and a return on equity of 11.05%. During the same period in the prior year, the company earned $1.81 earnings per share. Research analysts forecast that American International Group, Inc. will post 8.02 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. American International Group’s dividend payout ratio is presently 36.56%.

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.