American International Group Inc (AIG) is TLP Group LLC’s 3rd Largest Position

Share on StockTwits

TLP Group LLC grew its stake in American International Group Inc (NYSE:AIG) by 215.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,289 shares of the insurance provider’s stock after purchasing an additional 28,872 shares during the quarter. American International Group makes up approximately 6.9% of TLP Group LLC’s investment portfolio, making the stock its 3rd largest holding. TLP Group LLC’s holdings in American International Group were worth $1,873,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Trust Advisors LP lifted its holdings in shares of American International Group by 26.9% in the 3rd quarter. First Trust Advisors LP now owns 25,493 shares of the insurance provider’s stock valued at $1,357,000 after purchasing an additional 5,406 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of American International Group by 1.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 183,298 shares of the insurance provider’s stock valued at $9,758,000 after purchasing an additional 3,302 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of American International Group by 16.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 90,071 shares of the insurance provider’s stock valued at $4,795,000 after purchasing an additional 13,024 shares during the last quarter. LSV Asset Management lifted its holdings in shares of American International Group by 1.0% in the 3rd quarter. LSV Asset Management now owns 337,098 shares of the insurance provider’s stock valued at $17,947,000 after purchasing an additional 3,300 shares during the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of American International Group by 18.4% in the 3rd quarter. MML Investors Services LLC now owns 14,996 shares of the insurance provider’s stock valued at $798,000 after purchasing an additional 2,330 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on AIG shares. ValuEngine raised American International Group from a “sell” rating to a “hold” rating in a report on Thursday, December 20th. Credit Suisse Group started coverage on American International Group in a report on Tuesday, February 5th. They issued a “neutral” rating and a $46.00 target price for the company. Compass Point raised American International Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $44.00 to $56.00 in a report on Friday, February 15th. Wells Fargo & Co restated a “buy” rating on shares of American International Group in a research report on Thursday, December 20th. Finally, Argus cut American International Group from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. American International Group presently has a consensus rating of “Buy” and a consensus target price of $55.77.

Shares of AIG stock opened at $44.04 on Friday. The stock has a market capitalization of $38.29 billion, a P/E ratio of 37.64, a P/E/G ratio of 0.89 and a beta of 1.37. American International Group Inc has a 52-week low of $36.16 and a 52-week high of $56.79. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.26 and a current ratio of 0.26.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, February 13th. The insurance provider reported ($0.63) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($1.10). The company had revenue of $12.33 billion during the quarter, compared to analyst estimates of $12.13 billion. American International Group had a negative net margin of 0.01% and a positive return on equity of 1.76%. During the same quarter last year, the firm earned $0.57 EPS. As a group, equities research analysts forecast that American International Group Inc will post 4.4 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, March 14th. American International Group’s dividend payout ratio (DPR) is presently 109.40%.

American International Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 13th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: “American International Group Inc (AIG) is TLP Group LLC’s 3rd Largest Position” was first published by Week Herald and is the property of of Week Herald. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://weekherald.com/2019/03/17/american-international-group-inc-aig-is-tlp-group-llcs-3rd-largest-position.html.

American International Group Company 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.

Read More: NASDAQ Stock Market Explained

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

Receive News & Ratings for American International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply