American International Group, Inc. (NYSE:AIG) Shares Bought by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in shares of American International Group, Inc. (NYSE:AIG) by 2.3% in the first quarter, HoldingsChannel reports. The firm owned 594,793 shares of the insurance provider’s stock after buying an additional 13,554 shares during the quarter. American International Group makes up approximately 1.7% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings, making the stock its 24th biggest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in American International Group were worth $46,495,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in shares of American International Group in the first quarter valued at approximately $29,000. Neo Ivy Capital Management purchased a new position in shares of American International Group during the 4th quarter worth $40,000. Scarborough Advisors LLC acquired a new stake in shares of American International Group during the fourth quarter worth $40,000. Blue Trust Inc. grew its position in shares of American International Group by 41.7% in the fourth quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 232 shares during the period. Finally, Highlander Capital Management LLC increased its stake in American International Group by 144.9% in the fourth quarter. Highlander Capital Management LLC now owns 845 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AIG. Morgan Stanley upped their price objective on shares of American International Group from $72.00 to $79.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Wells Fargo & Company increased their price target on shares of American International Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a report on Thursday, June 27th. Bank of America lifted their target price on American International Group from $82.00 to $84.00 and gave the company a “neutral” rating in a report on Tuesday, June 11th. Finally, Citigroup upped their price target on American International Group from $79.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $81.38.

American International Group Stock Up 1.1 %

Shares of NYSE AIG traded up $0.84 during trading on Tuesday, reaching $75.33. 3,590,555 shares of the stock were exchanged, compared to its average volume of 4,147,351. The company has a market capitalization of $49.99 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 2.04 and a beta of 1.08. The business’s 50-day moving average price is $76.74 and its 200 day moving average price is $73.35. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.05. American International Group, Inc. has a twelve month low of $56.88 and a twelve month high of $80.83.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.11. American International Group had a net margin of 9.98% and a return on equity of 10.54%. The company had revenue of $12.58 billion during the quarter, compared to analysts’ expectations of $12.04 billion. During the same period in the prior year, the company posted $1.63 EPS. As a group, equities analysts forecast that American International Group, Inc. will post 7.02 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, June 14th. This is an increase from American International Group’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.12%. American International Group’s payout ratio is currently 23.88%.

American International Group announced that its Board of Directors has initiated a share repurchase plan on Wednesday, May 1st that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to reacquire up to 19.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at American International Group

In other news, major shareholder International Group American sold 30,000,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $29.20, for a total transaction of $876,000,000.00. Following the completion of the sale, the insider now owns 294,203,636 shares of the company’s stock, valued at $8,590,746,171.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by corporate insiders.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.