Swedbank AB Reduces Position in American International Group, Inc. (NYSE:AIG)

Swedbank AB lowered its position in American International Group, Inc. (NYSE:AIG) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,247,063 shares of the insurance provider’s stock after selling 1,565 shares during the quarter. Swedbank AB owned approximately 0.19% of American International Group worth $91,322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new stake in American International Group during the 3rd quarter worth $26,000. Y.D. More Investments Ltd acquired a new position in American International Group in the 2nd quarter valued at about $27,000. Fortitude Family Office LLC raised its stake in American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 239 shares during the last quarter. Versant Capital Management Inc lifted its position in American International Group by 326.0% during the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 339 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new position in shares of American International Group in the third quarter valued at approximately $46,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on AIG. TD Cowen lowered their price objective on shares of American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Bank of America increased their price target on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Jefferies Financial Group boosted their target price on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. UBS Group raised their price target on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Wells Fargo & Company cut their price objective on American International Group from $77.00 to $76.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.80.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the sale, the insider now directly owns 279,238,898 shares in the company, valued at $8,058,834,596.28. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by insiders.

American International Group Price Performance

AIG stock opened at $76.06 on Monday. The stock has a market capitalization of $47.44 billion, a price-to-earnings ratio of -22.44, a price-to-earnings-growth ratio of 7.52 and a beta of 1.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 52-week low of $64.54 and a 52-week high of $80.83. The stock’s fifty day simple moving average is $75.50 and its 200-day simple moving average is $75.56.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period last year, the company earned $1.61 EPS. Equities research analysts expect that American International Group, Inc. will post 5.13 EPS for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.10%. The ex-dividend date is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is -47.20%.

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.