Nykredit A S Makes New Investment in American International Group, Inc. $AIG

Nykredit A S bought a new position in shares of American International Group, Inc. (NYSE:AIG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 171,192 shares of the insurance provider’s stock, valued at approximately $12,759,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Modus Advisors LLC acquired a new position in American International Group during the 4th quarter worth about $27,000. Navalign LLC acquired a new stake in American International Group in the 4th quarter valued at about $29,000. Mcguire Capital Advisors Inc. bought a new position in shares of American International Group in the fourth quarter worth about $29,000. First Bancorp Inc ME bought a new position in shares of American International Group in the second quarter worth about $30,000. Finally, SHP Wealth Management acquired a new position in shares of American International Group during the fourth quarter worth approximately $34,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Peter Zaffino sold 200,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $76.47, for a total value of $15,294,000.00. Following the completion of the sale, the insider directly owned 592,833 shares of the company’s stock, valued at $45,333,939.51. This represents a 25.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

American International Group Stock Performance

Shares of American International Group stock opened at $76.18 on Friday. The firm has a fifty day moving average of $77.96 and a two-hundred day moving average of $76.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market capitalization of $39.83 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 0.86 and a beta of 0.50. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.29.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Friday, August 7th. The insurance provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.08. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.25 billion. American International Group had a return on equity of 11.05% and a net margin of 11.13%.During the same period in the previous year, the firm earned $1.81 earnings per share. As a group, equities research analysts predict that American International Group, Inc. will post 8.02 EPS for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, September 16th. American International Group’s payout ratio is presently 36.56%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AIG. Barclays raised their price target on shares of American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Morgan Stanley decreased their price objective on American International Group from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 12th. Keefe, Bruyette & Woods lifted their target price on American International Group from $95.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Argus restated a “buy” rating and set a $90.00 target price on shares of American International Group in a research report on Wednesday. Finally, Piper Sandler upped their price target on American International Group from $80.00 to $84.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Eight analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $88.37.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.