American International Group, Inc. $AIG Holdings Raised by Forsta AP Fonden

Forsta AP Fonden lifted its position in shares of American International Group, Inc. (NYSE:AIG) by 30.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,000 shares of the insurance provider’s stock after acquiring an additional 36,700 shares during the period. Forsta AP Fonden’s holdings in American International Group were worth $13,352,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AIG. Pinnacle Associates Ltd. raised its holdings in shares of American International Group by 1.6% during the first quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider’s stock worth $670,000 after purchasing an additional 122 shares during the period. Aaron Wealth Advisors LLC grew its position in shares of American International Group by 2.4% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider’s stock valued at $468,000 after buying an additional 126 shares during the last quarter. Monument Capital Management raised its stake in American International Group by 3.5% during the second quarter. Monument Capital Management now owns 3,828 shares of the insurance provider’s stock worth $328,000 after acquiring an additional 129 shares during the period. Montag A & Associates Inc. lifted its holdings in American International Group by 0.7% in the first quarter. Montag A & Associates Inc. now owns 17,788 shares of the insurance provider’s stock worth $1,546,000 after acquiring an additional 130 shares during the last quarter. Finally, Carnegie Investment Counsel boosted its stake in American International Group by 3.1% in the first quarter. Carnegie Investment Counsel now owns 4,311 shares of the insurance provider’s stock valued at $375,000 after acquiring an additional 131 shares during the period. 90.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AIG has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price target on American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Barclays increased their target price on American International Group from $93.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Wall Street Zen downgraded shares of American International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Cantor Fitzgerald upgraded shares of American International Group to a “hold” rating in a research report on Tuesday, August 12th. Finally, Citigroup began coverage on shares of American International Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.00.

American International Group Price Performance

Shares of AIG opened at $77.99 on Thursday. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The stock’s fifty day moving average is $78.88 and its 200-day moving average is $81.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $42.08 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, November 4th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.82 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter in the prior year, the firm posted $1.23 EPS. Equities analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is currently 32.73%.

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.