American International Group, Inc. (NYSE:AIG) Shares Purchased by Swedbank AB

Swedbank AB boosted its stake in American International Group, Inc. (NYSE:AIG) by 70.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,127,688 shares of the insurance provider’s stock after purchasing an additional 880,625 shares during the period. Swedbank AB’s holdings in American International Group were worth $154,896,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc acquired a new position in American International Group in the third quarter valued at $26,000. True Wealth Design LLC purchased a new stake in American International Group in the third quarter valued at approximately $29,000. Fortitude Family Office LLC boosted its holdings in shares of American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 210 shares during the period. Continuum Advisory LLC grew its position in shares of American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 207 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of American International Group in the 3rd quarter valued at $46,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Up 1.3 %

Shares of AIG stock traded up $0.96 on Wednesday, hitting $76.13. The company’s stock had a trading volume of 167,453 shares, compared to its average volume of 3,843,584. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The firm’s fifty day moving average price is $73.79 and its 200-day moving average price is $74.63. The stock has a market capitalization of $47.48 billion, a price-to-earnings ratio of -22.45, a P/E/G ratio of 5.89 and a beta of 1.06. American International Group, Inc. has a fifty-two week low of $67.53 and a fifty-two week high of $80.83.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. Research analysts anticipate that American International Group, Inc. will post 4.89 EPS for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Monday, December 16th. American International Group’s dividend payout ratio (DPR) is currently -47.20%.

Analyst Ratings Changes

Several research firms have issued reports on AIG. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. Evercore ISI reduced their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lowered their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, Bank of America lifted their target price on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $84.13.

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.