Handelsbanken Fonder AB Boosts Stock Position in American International Group, Inc. (NYSE:AIG)

Handelsbanken Fonder AB boosted its stake in American International Group, Inc. (NYSE:AIG) by 11.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 179,189 shares of the insurance provider’s stock after buying an additional 18,832 shares during the period. Handelsbanken Fonder AB’s holdings in American International Group were worth $13,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AIG. Asset Planning Inc purchased a new stake in American International Group in the fourth quarter worth about $26,000. True Wealth Design LLC purchased a new stake in American International Group in the third quarter worth about $29,000. Fortitude Family Office LLC lifted its holdings in American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after buying an additional 210 shares during the period. Continuum Advisory LLC lifted 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 worth $42,000 after buying an additional 207 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in American International Group in the third quarter worth about $46,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Trading Up 0.6 %

Shares of American International Group stock opened at $76.72 on Friday. The company’s fifty day simple moving average is $73.68 and its 200-day simple moving average is $74.49. The stock has a market capitalization of $45.52 billion, a PE ratio of -36.88, a P/E/G ratio of 0.98 and a beta of 1.05. American International Group, Inc. has a 1-year low of $68.65 and a 1-year high of $80.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, equities analysts anticipate that American International Group, Inc. will post 6.32 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio is presently -76.92%.

Insider Transactions at American International Group

In other American International Group news, Director John G. Rice purchased 10,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. The trade was a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AIG. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods lifted their target price on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Wells Fargo & Company lifted their target price on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. UBS Group lowered their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday. Finally, 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 Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $83.94.

American International Group 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.