PensionDanmark Pensionsforsikringsaktieselskab Raises Stake in American International Group, Inc. $AIG

PensionDanmark Pensionsforsikringsaktieselskab boosted its stake in shares of American International Group, Inc. (NYSE:AIG) by 35.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 146,083 shares of the insurance provider’s stock after buying an additional 38,483 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in American International Group were worth $10,888,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. GK Wealth Management LLC bought a new stake in American International Group in the second quarter worth about $239,000. GAMMA Investing LLC boosted its stake in American International Group by 6.7% in the second quarter. GAMMA Investing LLC now owns 18,740 shares of the insurance provider’s stock valued at $1,397,000 after acquiring an additional 1,184 shares during the last quarter. Versant Capital Management Inc grew its position in shares of American International Group by 147.8% during the 2nd quarter. Versant Capital Management Inc now owns 5,348 shares of the insurance provider’s stock valued at $399,000 after acquiring an additional 3,190 shares during the period. Sapient Capital LLC purchased a new stake in shares of American International Group during the 1st quarter worth approximately $275,000. Finally, DV Trading LLC increased its stake in shares of American International Group by 200.0% during the 1st quarter. DV Trading LLC now owns 3,000 shares of the insurance provider’s stock worth $226,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group News Roundup

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: Second-quarter earnings exceeded expectations. AIG reported adjusted earnings of $2.00 per share, up from $1.81 a year earlier and ahead of consensus estimates ranging from $1.89 to $1.92. Strong underwriting income and lower catastrophe losses were key drivers. AIG Beats Q2 Earnings Estimates on Robust Underwriting Income
• Positive Sentiment: Premium growth was broad-based. Net premiums written increased across all three of AIG’s business lines, reinforcing management’s view that organic growth and recent strategic transactions are strengthening the company’s diversified insurance platform. AIG Q2 earnings beat as NPW grows across all three lines
• Positive Sentiment: AIG declared a quarterly dividend of $0.50 per share. The dividend is payable September 30 to shareholders of record on September 16, implying $2.00 in annualized payments and a yield of approximately 2.5% based on the referenced share price.
• Neutral Sentiment: Barclays raised its price target modestly to $81 from $80 while maintaining an “equal weight” rating. The revised target suggests limited near-term upside and does not represent a strong bullish endorsement.
• Negative Sentiment: Revenue fell short of expectations. Quarterly revenue was approximately $7.08 billion, below the $7.25 billion consensus forecast. Weaker investment income partly offset the improvement in underwriting results, giving investors a reason to temper their reaction to the earnings beat. AIG quarterly earnings report

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AIG shares. Weiss Ratings upgraded American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Barclays raised their target price on American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday. Mizuho boosted their target price on American International Group from $86.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Wells Fargo & Company upped their price target on American International Group from $85.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Finally, HSBC cut their price target on American International Group from $94.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Seven analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $88.28.

American International Group Stock Down 1.5%

AIG opened at $78.80 on Friday. The company has a 50 day moving average of $77.28 and a 200 day moving average of $76.74. The company has a market cap of $41.78 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 0.73 and a beta of 0.53. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. 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 released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. American International Group had a net margin of 11.13% and a return on equity of 11.03%. The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.25 billion. During the same period in the previous year, the business earned $1.81 EPS. On average, sell-side analysts expect that American International Group, Inc. will post 7.97 EPS for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 16th. American International Group’s dividend payout ratio (DPR) is presently 35.27%.

American International Group 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.