Swedbank AB Sells 14,746 Shares of American International Group, Inc. $AIG

Swedbank AB trimmed its holdings in American International Group, Inc. (NYSE:AIG) by 1.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,317,176 shares of the insurance provider’s stock after selling 14,746 shares during the quarter. Swedbank AB owned 0.24% of American International Group worth $103,451,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. lifted its stake in American International Group by 6.1% in the second quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock worth $1,072,969,000 after purchasing an additional 716,209 shares during the last quarter. Norges Bank purchased a new position in shares of American International Group in the second quarter worth about $787,724,000. Raymond James Financial Inc. lifted its stake in shares of American International Group by 4.4% in the 2nd quarter. Raymond James Financial Inc. now owns 3,429,324 shares of the insurance provider’s stock valued at $293,516,000 after acquiring an additional 143,361 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in American International Group by 21.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,341,348 shares of the insurance provider’s stock valued at $285,986,000 after acquiring an additional 600,629 shares during the period. Finally, AQR Capital Management LLC grew its position in American International Group by 184.4% during the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock worth $287,214,000 after acquiring an additional 2,162,545 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

AIG has been the subject of several recent research reports. Morgan Stanley lowered their price objective on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of American International Group in a report on Monday. Cantor Fitzgerald reissued a “neutral” rating on shares of American International Group in a research report on Thursday, December 11th. TD Cowen raised their price target on shares of American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Finally, Wells Fargo & Company upped their price objective on shares of American International Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.28.

American International Group Trading Down 0.2%

NYSE:AIG opened at $86.38 on Thursday. The company has a 50-day moving average price of $79.01 and a 200-day moving average price of $80.34. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22. The stock has a market cap of $46.61 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 0.90 and a beta of 0.62.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. Equities analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. American International Group’s dividend payout ratio is currently 32.73%.

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.