American International Group, Inc. $AIG Shares Bought by Ayrshire Capital Management LLC

by · The Cerbat Gem

Ayrshire Capital Management LLC raised its holdings in American International Group, Inc. (NYSE:AIG – Free Report) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,093 shares of the insurance provider’s stock after purchasing an additional 769 shares during the quarter. American International Group accounts for approximately 3.8% of Ayrshire Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Ayrshire Capital Management LLC’s holdings in American International Group were worth $7,968,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of American International Group in the fourth quarter worth about $1,091,000. State of Wyoming acquired a new position in American International Group in the 4th quarter valued at $349,000. Worldquant Millennium Advisors LLC lifted its stake in shares of American International Group by 31.3% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 476,556 shares of the insurance provider’s stock worth $34,693,000 after buying an additional 113,532 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of American International Group by 12.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,813,138 shares of the insurance provider’s stock worth $350,396,000 after purchasing an additional 519,715 shares during the last quarter. Finally, DCM Advisors LLC boosted its stake in American International Group by 5.5% during the fourth quarter. DCM Advisors LLC now owns 112,469 shares of the insurance provider’s stock worth $8,188,000 after buying an additional 5,847 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AIG shares. Cantor Fitzgerald upgraded shares of American International Group to a “hold” rating in a report on Tuesday, August 12th. Wolfe Research assumed coverage on shares of American International Group in a research note on Tuesday. They issued a “peer perform” rating for the company. Wall Street Zen raised shares of American International Group from a “hold” rating to a “buy” rating in a report on Monday. William Blair raised American International Group to a “strong-buy” rating in a report on Friday, August 1st. Finally, Keefe, Bruyette & Woods reduced their target price on American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.27.

View Our Latest Stock Report on American International Group

American International Group Price Performance

AIG opened at $76.82 on Thursday. The company has a 50 day moving average of $79.96 and a two-hundred day moving average of $82.01. The company has a market cap of $42.56 billion, a P/E ratio of 14.55, a P/E/G ratio of 0.81 and a beta of 0.70. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 52-week low of $69.24 and a 52-week high of $88.07.

American International Group (NYSE:AIG – Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same quarter in the previous year, the business posted $1.16 EPS. On average, analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 16th. American International Group’s dividend payout ratio is 34.09%.

About American International Group

(Free Report)

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.

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