North Dakota State Investment Board Acquires New Holdings in American International Group, Inc. $AIG

North Dakota State Investment Board acquired a new stake in American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 19,780 shares of the insurance provider’s stock, valued at approximately $1,692,000.

Several other hedge funds have also recently bought and sold shares of AIG. Brighton Jones LLC acquired a new position in American International Group during the 4th quarter valued at about $1,091,000. Sivia Capital Partners LLC increased its stake in American International Group by 30.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after buying an additional 1,185 shares during the period. Flow Traders U.S. LLC acquired a new position in American International Group during the 2nd quarter valued at about $217,000. Ieq Capital LLC increased its stake in American International Group by 11.5% during the 2nd quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock valued at $20,958,000 after buying an additional 25,311 shares during the period. Finally, HUB Investment Partners LLC acquired a new position in American International Group during the 2nd quarter valued at about $269,000. 90.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AIG has been the topic of several research analyst reports. Cantor Fitzgerald raised their target price on shares of American International Group from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Citigroup raised their target price on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lowered their target price on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. The Goldman Sachs Group raised their target price on shares of American International Group from $87.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Keefe, Bruyette & Woods raised their target price on shares of American International Group from $97.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $88.06.

American International Group Stock Performance

Shares of AIG opened at $77.48 on Wednesday. The firm’s 50 day moving average is $76.18 and its 200-day moving average is $77.65. The stock has a market capitalization of $41.08 billion, a P/E ratio of 13.66, a P/E/G ratio of 0.75 and a beta of 0.53. 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 12-month low of $71.25 and a 12-month high of $87.46.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.22. The company had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same quarter in the previous year, the company posted $1.17 EPS. Equities research analysts anticipate that American International Group, Inc. will post 7.95 EPS for the current fiscal year.

American International Group Increases Dividend

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

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.