Macquarie Group Ltd. Buys 17,029 Shares of American International Group, Inc. $AIG

Macquarie Group Ltd. increased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 484,989 shares of the insurance provider’s stock after acquiring an additional 17,029 shares during the quarter. Macquarie Group Ltd. owned about 0.09% of American International Group worth $41,491,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Caprock Group LLC bought a new stake in American International Group in the 3rd quarter valued at $3,054,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in American International Group in the 3rd quarter valued at $2,257,000. Nordea Investment Management AB raised its stake in American International Group by 129.9% in the 4th quarter. Nordea Investment Management AB now owns 136,069 shares of the insurance provider’s stock valued at $11,695,000 after acquiring an additional 76,874 shares during the period. Munich Reinsurance Co Stock Corp in Munich bought a new stake in American International Group in the 3rd quarter valued at $77,054,000. Finally, Cypress Wealth Services LLC bought a new stake in American International Group in the 4th quarter valued at $1,269,000. Institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price target on American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. The Goldman Sachs Group dropped their price target on American International Group from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Cantor Fitzgerald increased their price target on American International Group from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Wells Fargo & Company dropped their price target on American International Group from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Finally, UBS Group upped their price objective on American International Group from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, American International Group presently has a consensus rating of “Hold” and a consensus price target of $87.78.

American International Group Stock Performance

Shares of NYSE AIG opened at $75.60 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. The stock’s fifty day moving average price is $76.07 and its two-hundred day moving average price is $77.38. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29. The firm has a market cap of $40.08 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 0.69 and a beta of 0.52.

American International Group (NYSE:AIG) last released its earnings results 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 analyst estimates of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same period in the prior year, the firm posted $1.17 EPS. On average, equities analysts forecast that American International Group, Inc. will post 7.99 EPS for the current year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.50 per share. 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 annualized dividend and a dividend yield of 2.6%. American International Group’s payout ratio is currently 31.75%.

American International Group Company 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.