Focus Partners Advisor Solutions LLC Grows Stock Holdings in American International Group, Inc. $AIG

Focus Partners Advisor Solutions LLC grew its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 224.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,260 shares of the insurance provider's stock after buying an additional 8,477 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in American International Group were worth $1,066,000 at the end of the most recent quarter.

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Several other institutional investors also recently bought and sold shares of AIG. Ameriflex Group Inc. purchased a new stake in American International Group during the fourth quarter worth approximately $29,000. Sachetta LLC grew its stake in American International Group by 194.5% during the first quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock worth $33,000 after buying an additional 249 shares during the period. Hemington Wealth Management grew its stake in American International Group by 42.8% during the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider's stock worth $41,000 after buying an additional 142 shares during the period. NBC Securities Inc. purchased a new stake in American International Group during the first quarter worth approximately $47,000. Finally, WPG Advisers LLC purchased a new stake in American International Group during the first quarter worth approximately $47,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AIG. William Blair upgraded shares of American International Group to a "strong-buy" rating in a research note on Friday, August 1st. Cantor Fitzgerald raised shares of American International Group to a "hold" rating in a research report on Tuesday, August 12th. Morgan Stanley boosted their target price on shares of American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Cfra Research raised shares of American International Group to a "moderate buy" rating in a research report on Monday, August 11th. Finally, Wall Street Zen raised shares of American International Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $88.27.

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Read Our Latest Stock Report on American International Group

American International Group Trading Up 0.3%

AIG opened at $81.29 on Thursday. The stock has a market capitalization of $45.04 billion, a PE ratio of 15.40, a P/E/G ratio of 0.87 and a beta of 0.70. The firm's fifty day moving average price is $81.03 and its 200 day moving average price is $81.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07.

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American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.21. The firm had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same period in the prior year, the company posted $1.16 earnings per share. As a group, research analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 annualized dividend and a yield of 2.2%. American International Group's dividend payout ratio is currently 34.09%.

American International Group Company 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.

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