Whittier Trust Co. Acquires 164 Shares of American International Group, Inc. $AIG

Whittier Trust Co. boosted its holdings in American International Group, Inc. (NYSE:AIG) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,982 shares of the insurance provider’s stock after purchasing an additional 164 shares during the quarter. Whittier Trust Co.’s holdings in American International Group were worth $426,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AIG. Sachetta LLC increased its holdings in American International Group by 194.5% in the first quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 249 shares in the last quarter. GFG Capital LLC bought a new stake in American International Group in the second quarter worth approximately $33,000. Barrett & Company Inc. bought a new stake in American International Group in the second quarter worth approximately $35,000. Hemington Wealth Management increased its holdings in American International Group by 42.8% in the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 142 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in American International Group in the second quarter worth approximately $42,000. 90.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AIG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered their target price on American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Citigroup assumed coverage on American International Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 price objective for the company. The Goldman Sachs Group raised their price objective on American International Group from $85.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Bank of America raised their price objective on American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, October 13th. Finally, Cfra Research raised American International Group to a “moderate buy” rating in a research note on Monday, August 11th. 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.81.

American International Group Stock Down 0.1%

Shares of NYSE:AIG opened at $78.87 on Friday. The stock has a market cap of $43.69 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.78 and a beta of 0.68. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07. The business’s 50 day moving average is $79.93 and its 200 day moving average is $81.39.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same quarter in the previous year, the firm earned $1.16 earnings per share. On average, sell-side analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. American International Group’s payout ratio is presently 34.09%.

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.