Achmea Investment Management B.V. Boosts Holdings in American International Group, Inc. (NYSE:AIG)

Achmea Investment Management B.V. boosted its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 195,077 shares of the insurance provider’s stock after purchasing an additional 2,193 shares during the period. Achmea Investment Management B.V.’s holdings in American International Group were worth $14,202,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Duncker Streett & Co. Inc. purchased a new stake in American International Group during the fourth quarter worth $25,000. Asset Planning Inc acquired a new position in shares of American International Group in the fourth quarter worth about $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group during the 3rd quarter worth about $29,000. BankPlus Trust Department acquired a new stake in shares of American International Group during the 4th quarter valued at about $36,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of American International Group during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 1.4 %

Shares of NYSE:AIG opened at $81.49 on Friday. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $83.77. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $76.03 and a two-hundred day moving average of $75.24. The stock has a market cap of $48.35 billion, a P/E ratio of -39.18, a PEG ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. On average, research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Transactions at American International Group

In related news, Director John G. Rice bought 10,000 shares of the stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $770,000. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods increased their target price on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. dropped their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, UBS Group dropped their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.31.

About American International Group

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.