Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stake in American International Group, Inc. $AIG

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 78.6% during the first quarter, Holdings Channel.com reports. The fund owned 170,487 shares of the insurance provider’s stock after buying an additional 75,050 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in American International Group were worth $12,829,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Research Global Investors boosted its position in American International Group by 79.6% during the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock worth $2,241,091,000 after purchasing an additional 12,645,616 shares in the last quarter. Norges Bank acquired a new stake in American International Group in the fourth quarter valued at approximately $636,782,000. Price T Rowe Associates Inc. MD increased its position in shares of American International Group by 39.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock valued at $1,400,613,000 after buying an additional 4,661,246 shares in the last quarter. Franklin Resources Inc. increased its position in shares of American International Group by 36.9% in the fourth quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock valued at $1,336,147,000 after buying an additional 4,210,363 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of American International Group by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after buying an additional 1,899,203 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on American International Group from $97.00 to $98.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. BMO Capital Markets boosted their price target on shares of American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. HSBC upped their price objective on shares of American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. cut their target price on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Finally, UBS Group upped their price target on shares of American International Group from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $87.94.

American International Group Stock Performance

NYSE:AIG opened at $79.33 on Friday. The company has a market cap of $42.06 billion, a P/E ratio of 13.99, a P/E/G ratio of 0.73 and a beta of 0.53. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $87.29. The company’s 50-day moving average price is $75.69 and its 200-day moving average price is $77.19. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.22. The company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same quarter in the prior year, the company earned $1.17 EPS. On average, sell-side analysts forecast that American International Group, Inc. will post 7.98 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, June 15th. American International Group’s dividend payout ratio (DPR) is currently 35.27%.

American International Group Company Profile

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.