Swedbank AB Acquires 135,156 Shares of American International Group, Inc. $AIG

Swedbank AB lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 10.4% during the first quarter, Holdings Channel.com reports. The firm owned 1,433,251 shares of the insurance provider’s stock after acquiring an additional 135,156 shares during the quarter. Swedbank AB’s holdings in American International Group were worth $107,852,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Modus Advisors LLC bought a new position in shares of American International Group during the fourth quarter worth about $27,000. Navalign LLC bought a new stake in shares of American International Group during the 4th quarter valued at about $29,000. Mcguire Capital Advisors Inc. bought a new stake in shares of American International Group during the 4th quarter valued at about $29,000. SHP Wealth Management acquired a new stake in American International Group during the fourth quarter worth approximately $34,000. Finally, CENTRAL TRUST Co lifted its stake in American International Group by 48.7% in the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock valued at $35,000 after buying an additional 151 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

Shares of American International Group stock opened at $81.03 on Wednesday. The stock has a market capitalization of $42.96 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 0.74 and a beta of 0.53. The firm’s 50-day moving average price is $75.90 and its two-hundred day moving average price is $77.07. 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, Inc. has a 1-year low of $71.25 and a 1-year high of $87.29.

American International Group (NYSE:AIG) last announced its earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, topping the consensus estimate of $1.89 by $0.22. The business had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same period in the previous year, the business earned $1.17 EPS. On average, equities analysts predict that American International Group, Inc. will post 7.98 earnings per share for the current fiscal year.

American International Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AIG shares. Morgan Stanley dropped their price objective on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Keefe, Bruyette & Woods upped their target price on shares of American International Group from $97.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. UBS Group increased 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. Cantor Fitzgerald raised their price target on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. lowered their price objective on American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $87.61.

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.