UniSuper Management Pty Ltd Purchases 8,016 Shares of American International Group, Inc. $AIG

UniSuper Management Pty Ltd grew its holdings in shares of American International Group, Inc. (NYSE:AIG) by 16.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,033 shares of the insurance provider’s stock after acquiring an additional 8,016 shares during the period. UniSuper Management Pty Ltd’s holdings in American International Group were worth $4,479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AIG. Westfuller Advisors LLC bought a new stake in shares of American International Group during the 3rd quarter valued at about $26,000. TrueMark Investments LLC acquired a new position in American International Group in the third quarter valued at approximately $4,996,000. Teacher Retirement System of Texas boosted its holdings in shares of American International Group by 42.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 212,514 shares of the insurance provider’s stock worth $16,691,000 after buying an additional 63,212 shares in the last quarter. iA Global Asset Management Inc. grew its position in shares of American International Group by 30.3% during the 3rd quarter. iA Global Asset Management Inc. now owns 49,000 shares of the insurance provider’s stock worth $3,848,000 after buying an additional 11,390 shares during the period. Finally, Covestor Ltd grew its position in shares of American International Group by 54.4% during the 3rd quarter. Covestor Ltd now owns 1,677 shares of the insurance provider’s stock worth $132,000 after buying an additional 591 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

Shares of NYSE AIG opened at $72.23 on Monday. The stock has a market cap of $38.97 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.75 and a beta of 0.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $88.07. The firm’s 50-day simple moving average is $79.12 and its 200 day simple moving average is $79.37.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a return on equity of 9.09% and a net margin of 11.89%.The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the business posted $1.23 earnings per share. As a group, research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, December 16th. American International Group’s dividend payout ratio is presently 32.73%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AIG. Piper Sandler boosted their target price on shares of American International Group from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. TD Cowen lifted their price target on shares of American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. UBS Group increased their price objective on shares of American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. The Goldman Sachs Group upped their price target on American International Group from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Finally, HSBC reduced their price objective on American International Group from $91.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $87.42.

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.