Livforsakringsbolaget Skandia Omsesidigt Has $5.37 Million Holdings in American International Group, Inc. (NYSE:AIG)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in American International Group, Inc. (NYSE:AIG) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,200 shares of the insurance provider’s stock after purchasing an additional 512 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in American International Group were worth $5,365,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nordea Investment Management AB lifted its position in American International Group by 18.7% during the 4th quarter. Nordea Investment Management AB now owns 2,032,907 shares of the insurance provider’s stock worth $138,014,000 after acquiring an additional 319,948 shares during the last quarter. American Century Companies Inc. lifted its position in American International Group by 22.6% during the 3rd quarter. American Century Companies Inc. now owns 422,852 shares of the insurance provider’s stock worth $25,625,000 after acquiring an additional 77,874 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in American International Group by 121.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 38,809 shares of the insurance provider’s stock worth $2,629,000 after acquiring an additional 21,279 shares during the last quarter. Tritonpoint Wealth LLC acquired a new position in American International Group during the 4th quarter worth $1,072,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in American International Group by 12.9% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 581,239 shares of the insurance provider’s stock worth $39,379,000 after acquiring an additional 66,603 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insiders Place Their Bets

In other news, Director John C. Inglis acquired 659 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $75.39 per share, with a total value of $49,682.01. Following the completion of the purchase, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director John C. Inglis bought 659 shares of American International Group stock in a transaction dated Thursday, March 14th. The shares were bought at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the transaction, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the transaction, the chief executive officer now owns 505,420 shares in the company, valued at $38,346,215.40. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AIG shares. HSBC started coverage on shares of American International Group in a research report on Thursday, December 28th. They set a “buy” rating and a $86.00 target price for the company. BMO Capital Markets dropped their price objective on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Evercore ISI boosted their price objective on shares of American International Group from $74.00 to $80.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Citigroup boosted their price objective on shares of American International Group from $79.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Bank of America downgraded shares of American International Group from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $77.00 in a report on Tuesday, February 20th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $79.06.

American International Group Price Performance

NYSE AIG traded down $1.23 on Wednesday, reaching $72.58. The company’s stock had a trading volume of 6,188,514 shares, compared to its average volume of 3,999,314. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. The firm has a market cap of $49.42 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.03 and a beta of 1.03. American International Group, Inc. has a 52 week low of $48.95 and a 52 week high of $78.95. The business has a 50-day moving average price of $73.96 and a 200 day moving average price of $68.27.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.20. The firm had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 earnings per share. Sell-side analysts expect that American International Group, Inc. will post 7.07 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 annualized dividend and a yield of 1.98%. American International Group’s dividend payout ratio is 28.86%.

American International Group Company 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.