Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in American International Group, Inc. (NYSE:AIG) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,265 shares of the insurance provider’s stock after selling 20,453 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in American International Group were worth $13,522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Comerica Bank increased its position in American International Group by 1.7% in the 3rd quarter. Comerica Bank now owns 238,275 shares of the insurance provider’s stock valued at $15,435,000 after acquiring an additional 4,034 shares in the last quarter. TCW Group Inc. acquired a new stake in American International Group in the 3rd quarter valued at about $24,928,000. Teacher Retirement System of Texas increased its position in American International Group by 37.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 869,699 shares of the insurance provider’s stock valued at $53,391,000 after acquiring an additional 238,212 shares in the last quarter. Rhumbline Advisers increased its position in American International Group by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 1,569,329 shares of the insurance provider’s stock valued at $96,341,000 after acquiring an additional 11,801 shares in the last quarter. Finally, Todd Asset Management LLC increased its position in American International Group by 0.4% in the 3rd quarter. Todd Asset Management LLC now owns 234,313 shares of the insurance provider’s stock valued at $14,384,000 after acquiring an additional 821 shares in the last quarter. Hedge funds and other institutional investors own 83.52% of the company’s stock.

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Shares of American International Group, Inc. (NYSE AIG) traded down $0.06 during mid-day trading on Tuesday, reaching $62.00. 3,605,000 shares of the company’s stock traded hands, compared to its average volume of 5,934,238. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. The firm has a market cap of $55,500.00, a P/E ratio of 24.73, a P/E/G ratio of 1.92 and a beta of 1.23. American International Group, Inc. has a 52-week low of $57.90 and a 52-week high of $67.47.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing the consensus estimate of $1.23 by ($2.45). The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.05 billion. American International Group had a positive return on equity of 3.43% and a negative net margin of 5.07%. During the same quarter last year, the business posted $1.23 earnings per share. sell-side analysts forecast that American International Group, Inc. will post 2.93 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.28 annualized dividend and a yield of 2.06%. American International Group’s dividend payout ratio (DPR) is currently -51.41%.

Several brokerages have recently issued reports on AIG. B. Riley reaffirmed a “neutral” rating on shares of American International Group in a research note on Monday, November 6th. Wells Fargo & Company reaffirmed a “buy” rating and issued a $75.00 target price on shares of American International Group in a research note on Sunday, October 1st. UBS AG reduced their target price on shares of American International Group from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. BidaskClub lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Sunday, August 13th. Finally, Atlantic Securities lowered shares of American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research note on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $68.18.

American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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