Marshall Wace LLP Grows Stock Holdings in American International Group, Inc. (NYSE:AIG)

Marshall Wace LLP grew its stake in shares of American International Group, Inc. (NYSE:AIG) by 2,493.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 349,341 shares of the insurance provider’s stock after buying an additional 335,871 shares during the period. Marshall Wace LLP’s holdings in American International Group were worth $25,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Fortitude Family Office LLC lifted its holdings in American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 239 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in shares of American International Group during the second quarter valued at about $27,000. Rise Advisors LLC purchased a new stake in shares of American International Group in the first quarter worth about $29,000. Valued Wealth Advisors LLC boosted its position in shares of American International Group by 303.3% in the first quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 276 shares during the period. Finally, Versant Capital Management Inc grew its stake in American International Group by 326.0% during the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 339 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Price Performance

Shares of American International Group stock opened at $73.12 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a 52-week low of $57.72 and a 52-week high of $80.83. The company has a fifty day moving average of $74.27 and a 200-day moving average of $75.66. The stock has a market capitalization of $47.09 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 3.70 and a beta of 1.06.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.14). The business had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.64 billion. American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.75 earnings per share. Equities research analysts expect that American International Group, Inc. will post 5.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.19%. American International Group’s dividend payout ratio (DPR) is currently 23.88%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Keefe, Bruyette & Woods cut their price target on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a report on Monday, August 12th. TD Cowen dropped their price objective on American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Barclays assumed coverage on American International Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 target price for the company. Bank of America raised their price target on American International Group from $81.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Evercore ISI cut their price objective on American International Group from $81.00 to $78.00 and set an “in-line” rating for the company in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, American International Group currently has a consensus rating of “Hold” and an average target price of $83.88.

Insider Buying and Selling at American International Group

In other news, major shareholder International Group American sold 1,932,609 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $29.20, for a total value of $56,432,182.80. Following the transaction, the insider now owns 292,271,027 shares in the company, valued at $8,534,313,988.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 14,964,738 shares of company stock worth $400,732,195. 0.61% of the stock is currently owned by 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.