MUFG Securities EMEA plc Makes New $10.66 Million Investment in American International Group Inc (NYSE:AIG)

MUFG Securities EMEA plc purchased a new stake in American International Group Inc (NYSE:AIG) during the second quarter, according to its most recent filing with the SEC. The firm purchased 200,000 shares of the insurance provider’s stock, valued at approximately $10,656,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of AIG. Clean Yield Group purchased a new stake in American International Group in the 2nd quarter worth about $40,000. Rational Advisors LLC bought a new position in shares of American International Group in the 1st quarter valued at about $45,000. Meeder Asset Management Inc. grew its holdings in American International Group by 3,353.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 898 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 872 shares during the period. Private Ocean LLC acquired a new stake in shares of American International Group during the second quarter worth $53,000. Finally, Exane Derivatives acquired a new position in shares of American International Group during the 2nd quarter worth about $58,000. Institutional investors own 90.99% of the company’s stock.

AIG stock traded up $0.65 during mid-day trading on Wednesday, hitting $56.15. 93,676 shares of the company were exchanged, compared to its average volume of 3,312,213. The business has a 50 day simple moving average of $54.53 and a 200-day simple moving average of $50.38. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $48.20 billion, a PE ratio of 48.00, a price-to-earnings-growth ratio of 1.08 and a beta of 1.19. American International Group Inc has a 1-year low of $36.16 and a 1-year high of $57.58.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, August 7th. The insurance provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.17 by $0.26. American International Group had a positive return on equity of 2.97% and a negative net margin of 0.24%. The company had revenue of $12.16 billion for the quarter, compared to the consensus estimate of $12.07 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. Equities research analysts expect that American International Group Inc will post 5.13 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.28 annualized dividend and a yield of 2.28%. American International Group’s payout ratio is currently 109.40%.

A number of equities analysts have issued reports on AIG shares. Morgan Stanley reiterated a “buy” rating and set a $63.00 target price on shares of American International Group in a report on Monday, August 12th. William Blair raised shares of American International Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 18th. Evercore ISI reissued a “hold” rating and set a $53.00 price target on shares of American International Group in a research report on Sunday, August 11th. Keefe, Bruyette & Woods boosted their price target on shares of American International Group from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Sunday, July 7th. Finally, Deutsche Bank downgraded shares of American International Group from a “buy” rating to a “hold” rating and set a $53.35 price objective for the company. in a research note on Wednesday, June 5th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. American International Group has an average rating of “Buy” and an average price target of $57.03.

In related news, CEO Seraina Macia sold 7,550 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $56.00, for a total value of $422,800.00. Following the completion of the sale, the chief executive officer now directly owns 11,055 shares in the company, valued at approximately $619,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

American International Group Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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