Tredje AP fonden boosted its holdings in American International Group Inc (NYSE:AIG) by 19.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,442 shares of the insurance provider’s stock after acquiring an additional 10,449 shares during the quarter. Tredje AP fonden’s holdings in American International Group were worth $1,538,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Keebeck Wealth Management LLC acquired a new position in shares of American International Group during the 4th quarter valued at $28,000. West Bancorporation Inc. acquired a new position in shares of American International Group in the 4th quarter worth $33,000. Penserra Capital Management LLC grew its holdings in shares of American International Group by 40.0% in the 4th quarter. Penserra Capital Management LLC now owns 903 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 258 shares during the last quarter. Wealth Alliance acquired a new position in shares of American International Group in the 4th quarter worth $54,000. Finally, Total Clarity Wealth Management Inc. acquired a new position in shares of American International Group in the 4th quarter worth $68,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

AIG has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on American International Group from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Bank of America assumed coverage on American International Group in a report on Monday, June 1st. They issued a “neutral” rating on the stock. Piper Sandler decreased their target price on American International Group from $45.00 to $29.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. TheStreet cut American International Group from a “b-” rating to a “c+” rating in a research report on Wednesday, March 11th. Finally, Standpoint Research raised American International Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $44.23.

AIG traded down $1.01 during trading on Friday, reaching $30.25. 106,670 shares of the stock traded hands, compared to its average volume of 6,949,802. The stock has a market cap of $25.98 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 1.03 and a beta of 1.42. American International Group Inc has a fifty-two week low of $16.07 and a fifty-two week high of $58.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.27 and a quick ratio of 0.27. The stock’s 50-day simple moving average is $30.63 and its two-hundred day simple moving average is $37.94.

American International Group (NYSE:AIG) last released its quarterly earnings data on Monday, May 4th. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.72). The firm had revenue of $10.92 billion for the quarter, compared to analyst estimates of $11.58 billion. American International Group had a net margin of 8.59% and a return on equity of 4.31%. During the same period in the previous year, the business posted $1.58 EPS. Research analysts anticipate that American International Group Inc will post 2.96 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, June 12th. This represents a $1.28 dividend on an annualized basis and a yield of 4.23%. American International Group’s payout ratio is 27.89%.

American International Group Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

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

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