National Pension Service Increases Holdings in American International Group, Inc. (NYSE:AIG)

National Pension Service lifted its position in shares of American International Group, Inc. (NYSE:AIG) by 5.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,186,421 shares of the insurance provider’s stock after buying an additional 105,213 shares during the period. National Pension Service’s holdings in American International Group were worth $160,112,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new stake in shares of American International Group during the 3rd quarter worth approximately $26,000. Y.D. More Investments Ltd purchased a new stake in American International Group in the 2nd quarter valued at approximately $27,000. Fortitude Family Office LLC grew its holdings in American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock valued at $27,000 after buying an additional 239 shares during the last quarter. Versant Capital Management Inc grew its holdings in American International Group by 326.0% during the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after buying an additional 339 shares during the last quarter. Finally, NBC Securities Inc. grew its holdings in American International Group by 241.6% during the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock valued at $49,000 after buying an additional 476 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.8 %

Shares of American International Group stock opened at $76.33 on Tuesday. The company has a market capitalization of $49.15 billion, a PE ratio of -59.17, a P/E/G ratio of 5.23 and a beta of 1.05. American International Group, Inc. has a 1-year low of $62.52 and a 1-year high of $80.83. The business has a 50-day moving average of $75.13 and a 200-day moving average of $75.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67.

Insider Buying and Selling

In related news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the transaction, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

AIG has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 target price on shares of American International Group in a report on Tuesday, July 9th. Jefferies Financial Group increased their target price on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. upgraded American International Group from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $93.00 to $89.00 in a report on Thursday, October 10th. Wells Fargo & Company lowered their target price on American International Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Finally, BMO Capital Markets cut American International Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $84.38.

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.