Leonteq Securities AG Increases Stock Position in American International Group, Inc. $AIG

by · The Cerbat Gem

Leonteq Securities AG raised its stake in shares of American International Group, Inc. (NYSE:AIG – Free Report) by 196.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,000 shares of the insurance provider’s stock after purchasing an additional 9,273 shares during the period. Leonteq Securities AG’s holdings in American International Group were worth $1,054,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in AIG. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of American International Group by 78.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 170,487 shares of the insurance provider’s stock worth $12,829,000 after buying an additional 75,050 shares in the last quarter. Livet Wealth LLC grew its holdings in American International Group by 6.7% during the 1st quarter. Livet Wealth LLC now owns 2,796 shares of the insurance provider’s stock valued at $210,000 after buying an additional 175 shares in the last quarter. Keybank National Association OH increased its stake in American International Group by 26.7% in the 1st quarter. Keybank National Association OH now owns 11,459 shares of the insurance provider’s stock worth $862,000 after acquiring an additional 2,415 shares during the last quarter. Pzena Investment Management LLC increased its stake in American International Group by 2.1% in the 1st quarter. Pzena Investment Management LLC now owns 449,749 shares of the insurance provider’s stock worth $33,844,000 after acquiring an additional 9,418 shares during the last quarter. Finally, Root Financial Partners LLC raised its holdings in shares of American International Group by 33.5% during the 1st quarter. Root Financial Partners LLC now owns 1,097 shares of the insurance provider’s stock worth $83,000 after acquiring an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their target price on American International Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price target on shares of 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. Citigroup upped their price target on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Bank of America lowered their price objective on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Finally, BMO Capital Markets lifted their price objective on shares of American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. One 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 company. According to data from MarketBeat.com, American International Group presently has an average rating of “Hold” and an average target price of $87.94.

Check Out Our Latest Report on AIG

American International Group Price Performance

Shares of American International Group stock opened at $79.33 on Friday. The stock has a market cap of $42.06 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 0.73 and a beta of 0.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a 50 day moving average price of $75.69 and a 200-day moving average price of $77.19. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29.

American International Group (NYSE:AIG – Get Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the previous year, the company posted $1.17 EPS. Equities analysts expect that American International Group, Inc. will post 7.98 EPS for the current year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were paid a $0.50 dividend. This is an increase from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, June 15th. American International Group’s payout ratio is currently 35.27%.

American International Group Profile

(Free Report)

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.

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