Poehling Capital Management INC. Grows Stock Holdings in American International Group, Inc. $AIG

Poehling Capital Management INC. lifted its stake in shares of American International Group, Inc. (NYSE:AIG) by 111.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,038 shares of the insurance provider’s stock after buying an additional 33,282 shares during the quarter. Poehling Capital Management INC.’s holdings in American International Group were worth $4,744,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC acquired a new position in shares of American International Group during the fourth quarter worth $1,091,000. Sivia Capital Partners LLC grew its holdings 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 purchasing an additional 1,185 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in American International Group during the 2nd quarter worth $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 worth $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 in the 2nd quarter worth $269,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG stock opened at $75.47 on Friday. The stock has a market capitalization of $40.01 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.69 and a beta of 0.52. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29. The company’s 50-day simple moving average is $75.77 and its 200-day simple moving average is $77.31. 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 announced its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The firm had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period in the previous year, the company earned $1.17 earnings per share. Equities analysts anticipate that American International Group, Inc. will post 7.98 earnings per share for the current fiscal year.

American International Group Increases Dividend

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

Analysts Set New Price Targets

Several analysts have recently weighed in on AIG shares. HSBC raised their target price on American International Group from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. BMO Capital Markets boosted their price target on American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. 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 report on Monday, May 4th. JPMorgan Chase & Co. dropped their price objective on American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Finally, UBS Group upped their target price on American International Group from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, American International Group currently has an average rating of “Hold” and an average target price of $87.78.

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.