Avanza Fonder AB Takes Position in American International Group, Inc. (NYSE:AIG)

Avanza Fonder AB bought a new position in shares of American International Group, Inc. (NYSE:AIG) in the fourth quarter, HoldingsChannel reports. The fund bought 43,268 shares of the insurance provider’s stock, valued at approximately $3,150,000.

Several other large investors have also recently bought and sold shares of AIG. Christopher J. Hasenberg Inc purchased a new stake in American International Group during the 3rd quarter worth about $26,000. True Wealth Design LLC acquired a new stake in shares of American International Group during the 3rd quarter worth about $29,000. Fortitude Family Office LLC lifted its stake in American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares during the last quarter. Continuum Advisory LLC boosted its holdings in American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in American International Group in the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG opened at $75.06 on Friday. The company’s 50 day simple moving average is $73.90 and its 200-day simple moving average is $74.67. American International Group, Inc. has a 12-month low of $66.06 and a 12-month high of $80.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm has a market cap of $46.82 billion, a PE ratio of -22.14, a price-to-earnings-growth ratio of 5.51 and a beta of 1.06.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the firm posted $1.61 EPS. As a group, equities analysts predict that American International Group, Inc. will post 4.91 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.13%. American International Group’s dividend payout ratio (DPR) is -47.20%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Tuesday. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Evercore ISI cut their price objective on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Wednesday, October 9th. Bank of America raised their price objective on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $79.00 price objective (down previously from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus 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.