First Hawaiian Bank acquired a new position in American International Group Inc (NYSE:AIG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 30,686 shares of the insurance provider’s stock, valued at approximately $1,634,000.

Several other institutional investors and hedge funds have also bought and sold shares of AIG. Advisors Asset Management Inc. increased its position in American International Group by 21,735.7% during the second quarter. Advisors Asset Management Inc. now owns 9,171 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 9,129 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of American International Group during the second quarter valued at $115,000. Kaizen Advisory LLC boosted its stake in shares of American International Group by 152.1% during the second quarter. Kaizen Advisory LLC now owns 2,196 shares of the insurance provider’s stock valued at $116,000 after purchasing an additional 1,325 shares during the period. Summit Trail Advisors LLC boosted its stake in shares of American International Group by 2,967.9% during the first quarter. Summit Trail Advisors LLC now owns 136,769 shares of the insurance provider’s stock valued at $137,000 after purchasing an additional 132,311 shares during the period. Finally, Integrated Investment Consultants LLC boosted its stake in shares of American International Group by 3,312.4% during the second quarter. Integrated Investment Consultants LLC now owns 3,037 shares of the insurance provider’s stock valued at $161,000 after purchasing an additional 2,948 shares during the period. 89.24% of the stock is currently owned by institutional investors.

AIG has been the subject of a number of research reports. Deutsche Bank raised shares of American International Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Wells Fargo & Co reaffirmed a “buy” rating and issued a $62.00 price objective on shares of American International Group in a research note on Monday, October 29th. Morgan Stanley set a $65.00 price objective on shares of American International Group and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Argus lowered their price objective on shares of American International Group from $63.00 to $58.00 and set a “buy” rating for the company in a research note on Friday, August 10th. Finally, JPMorgan Chase & Co. set a $55.00 price target on shares of American International Group and gave the company a “hold” rating in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. American International Group presently has a consensus rating of “Buy” and an average target price of $60.71.

NYSE:AIG traded down $0.43 during midday trading on Friday, hitting $43.82. The company’s stock had a trading volume of 5,399,978 shares, compared to its average volume of 9,726,040. The company has a market cap of $39.30 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46. American International Group Inc has a fifty-two week low of $39.29 and a fifty-two week high of $65.05. The company has a current ratio of 0.26, a quick ratio of 0.28 and a debt-to-equity ratio of 0.58.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, October 31st. The insurance provider reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.40). The firm had revenue of $12 billion for the quarter, compared to analyst estimates of $12.44 billion. American International Group had a positive return on equity of 3.44% and a negative net margin of 12.73%. During the same period in the previous year, the business earned ($1.22) EPS. Equities research analysts predict that American International Group Inc will post 2.78 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.92%. American International Group’s payout ratio is 53.33%.

TRADEMARK VIOLATION NOTICE: “First Hawaiian Bank Invests $1.63 Million in American International Group Inc (NYSE:AIG)” was originally posted by Marea Informative and is owned by of Marea Informative. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.mareainformativa.com/2018/11/10/first-hawaiian-bank-invests-1-63-million-in-american-international-group-inc-aig-updated-updated-updated-updated.html.

American International Group Company Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. 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, and marine insurance.

Featured Article: What is Cost of Capital?

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.