Lombard Odier Asset Management Switzerland SA Purchases 24,854 Shares of American International Group, Inc. $AIG

Lombard Odier Asset Management Switzerland SA raised its holdings in shares of American International Group, Inc. (NYSE:AIG) by 51.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,416 shares of the insurance provider’s stock after buying an additional 24,854 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in American International Group were worth $6,281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Research Global Investors grew its position in American International Group by 79.6% in the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after acquiring an additional 12,645,616 shares during the last quarter. Norges Bank acquired a new position in American International Group during the 4th quarter valued at about $636,782,000. Vanguard Group Inc. raised its stake in American International Group by 11.6% in the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after buying an additional 7,117,583 shares during the last quarter. Franklin Resources Inc. boosted its holdings in American International Group by 36.9% in the fourth quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock worth $1,336,147,000 after acquiring an additional 4,210,363 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of American International Group by 7.9% during the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after acquiring an additional 1,899,203 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AIG. Keefe, Bruyette & Woods raised their target price on American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. dropped their target price on American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Barclays lifted their price objective on shares of American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. UBS Group upped their price objective on shares of American International Group from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Cantor Fitzgerald raised their target price on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, American International Group presently has an average rating of “Hold” and a consensus target price of $87.78.

American International Group Stock Up 0.3%

AIG opened at $75.13 on Wednesday. The company has a fifty day moving average of $76.05 and a two-hundred day moving average of $77.39. The stock has a market capitalization of $39.84 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.69 and a beta of 0.52. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last posted 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. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The business 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. On average, research analysts expect that American International Group, Inc. will post 7.99 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio is currently 35.27%.

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.