LSV Asset Management Acquires 88,353 Shares of American International Group, Inc. $AIG

LSV Asset Management lifted its holdings in American International Group, Inc. (NYSE:AIG) by 2.3% in the fourth quarter, Holdings Channel reports. The fund owned 3,990,872 shares of the insurance provider’s stock after purchasing an additional 88,353 shares during the quarter. LSV Asset Management’s holdings in American International Group were worth $341,419,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Geneos Wealth Management Inc. lifted its holdings in shares of American International Group by 2.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after acquiring an additional 129 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of American International Group by 2.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock valued at $396,000 after acquiring an additional 130 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of American International Group by 17.7% in the 3rd quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock valued at $68,000 after acquiring an additional 131 shares during the last quarter. Howard Capital Management Inc. lifted its holdings in shares of American International Group by 3.0% in the 3rd quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider’s stock valued at $370,000 after acquiring an additional 138 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of American International Group by 12.6% in the 4th quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock valued at $107,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AIG. Wells Fargo & Company lowered their price target on shares of American International Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Keefe, Bruyette & Woods increased their price target on shares of American International Group from $97.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, May 8th. The Goldman Sachs Group increased their price target on shares of American International Group from $87.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Barclays increased their price target on shares of American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Finally, Evercore reduced their price objective on shares of American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $88.06.

American International Group Stock Performance

American International Group stock opened at $77.03 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.46. The firm has a market capitalization of $40.84 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 0.72 and a beta of 0.53. The company’s 50-day moving average is $76.18 and its 200 day moving average is $77.64.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.22. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same period in the prior year, the company posted $1.17 EPS. Research analysts forecast that American International Group, Inc. will post 7.97 EPS for the current year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a $0.50 dividend. This is an increase from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. American International Group’s dividend payout ratio is currently 31.75%.

American International Group Profile

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.