WINTON GROUP Ltd Has $11.34 Million Stock Position in American International Group, Inc. $AIG

WINTON GROUP Ltd increased its position in shares of American International Group, Inc. (NYSE:AIG) by 2,369.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 152,100 shares of the insurance provider’s stock after purchasing an additional 145,940 shares during the quarter. WINTON GROUP Ltd’s holdings in American International Group were worth $11,336,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIG. Modus Advisors LLC acquired a new stake in shares of American International Group during the 4th quarter worth approximately $27,000. Navalign LLC bought a new stake in shares of American International Group in the 4th quarter valued at $29,000. Mcguire Capital Advisors Inc. bought a new stake in shares of American International Group in the fourth quarter worth about $29,000. First Bancorp Inc ME acquired a new stake in shares of American International Group during the second quarter worth about $30,000. Finally, SHP Wealth Management acquired a new stake in shares of American International Group during the fourth quarter worth about $34,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on AIG. JPMorgan Chase & Co. raised their target price on shares of American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Morgan Stanley lowered their price objective on shares of American International Group from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. Barclays raised their price objective on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Royal Bank Of Canada boosted their price objective on shares of American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Finally, HSBC reduced their target price on shares of American International Group from $94.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Eight analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $88.37.

American International Group Stock Performance

NYSE:AIG opened at $75.01 on Thursday. The firm has a market capitalization of $39.22 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 0.84 and a beta of 0.50. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $77.95 and its 200 day simple moving average is $76.89. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $87.29.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Friday, August 7th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.08. American International Group had a net margin of 11.13% and a return on equity of 11.05%. The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same period in the prior year, the business earned $1.81 earnings per share. On average, analysts anticipate that American International Group, Inc. will post 8.02 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, September 16th. American International Group’s payout ratio is currently 36.56%.

Insider Activity at American International Group

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

American International Group Profile

American International Group, Inc (NYSE:AIG) is a global insurance organization that provides commercial and personal insurance products and services. Through its General Insurance business, AIG offers property, casualty, liability, workers’ compensation, accident, specialty, and other insurance solutions to businesses, institutions, and individuals.

AIG serves multinational corporations, small and midsize businesses, public-sector organizations, and individual policyholders through a network spanning numerous countries and jurisdictions.