Simon Quick Advisors LLC Has $371,000 Stock Position in American International Group, Inc. $AIG

Simon Quick Advisors LLC lifted its stake in American International Group, Inc. (NYSE:AIG) by 85.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,338 shares of the insurance provider’s stock after purchasing an additional 1,994 shares during the quarter. Simon Quick Advisors LLC’s holdings in American International Group were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AIG. Brighton Jones LLC acquired a new position in shares of American International Group in the 4th quarter valued at $1,091,000. DAVENPORT & Co LLC boosted its position in shares of American International Group by 4.2% in the 1st quarter. DAVENPORT & Co LLC now owns 8,060 shares of the insurance provider’s stock valued at $701,000 after purchasing an additional 328 shares during the period. Mutual Advisors LLC acquired a new stake in American International Group during the 1st quarter worth about $249,000. OneDigital Investment Advisors LLC boosted its position in American International Group by 78.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 5,609 shares of the insurance provider’s stock worth $488,000 after acquiring an additional 2,458 shares during the period. Finally, World Investment Advisors boosted its position in American International Group by 61.0% during the 1st quarter. World Investment Advisors now owns 9,315 shares of the insurance provider’s stock worth $810,000 after acquiring an additional 3,528 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Up 1.1%

AIG opened at $79.02 on Monday. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The business has a 50-day moving average of $79.56 and a 200-day moving average of $81.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $43.78 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 0.77 and a beta of 0.68.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share 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 company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period last year, the business earned $1.16 EPS. Equities research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group’s dividend payout ratio (DPR) is 34.09%.

Analyst Ratings Changes

A number of equities research analysts have commented on AIG shares. Cfra Research upgraded American International Group to a “moderate buy” rating in a research report on Monday, August 11th. Wolfe Research started coverage on American International Group in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. William Blair upgraded American International Group to a “strong-buy” rating in a research report on Friday, August 1st. Morgan Stanley decreased 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 report on Tuesday, October 7th. Finally, Cantor Fitzgerald upgraded American International Group to a “hold” rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.81.

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.