Skandinaviska Enskilda Banken AB publ grew its holdings in American International Group, Inc. (NYSE:AIG) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 171,717 shares of the insurance provider’s stock after purchasing an additional 900 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in American International Group were worth $10,542,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. CIBC Asset Management Inc grew its position in American International Group by 3.7% during the second quarter. CIBC Asset Management Inc now owns 134,256 shares of the insurance provider’s stock worth $8,394,000 after buying an additional 4,770 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in American International Group by 6.9% during the second quarter. State of New Jersey Common Pension Fund D now owns 1,242,000 shares of the insurance provider’s stock worth $77,650,000 after buying an additional 80,000 shares in the last quarter. Sei Investments Co. grew its position in American International Group by 46.2% during the second quarter. Sei Investments Co. now owns 410,051 shares of the insurance provider’s stock worth $25,637,000 after buying an additional 129,618 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its stake in American International Group by 5.5% during the second quarter. Candriam Luxembourg S.C.A. now owns 64,579 shares of the insurance provider’s stock worth $4,038,000 after purchasing an additional 3,366 shares during the period. Finally, Beach Investment Management LLC. bought a new position in American International Group during the second quarter worth about $2,770,000. 85.65% of the stock is currently owned by institutional investors.

American International Group, Inc. (NYSE AIG) opened at $59.88 on Friday. American International Group, Inc. has a one year low of $57.90 and a one year high of $67.47. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. The stock has a market cap of $53,901.61, a P/E ratio of 23.89, a PEG ratio of 1.98 and a beta of 1.18.

American International Group (NYSE:AIG) last posted its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.05 billion. During the same quarter last year, the firm posted $1.23 EPS. sell-side analysts forecast that American International Group, Inc. will post 2.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, December 7th. American International Group’s dividend payout ratio (DPR) is currently -51.00%.

A number of research analysts have commented on AIG shares. BidaskClub upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Royal Bank Of Canada restated a “buy” rating and set a $73.00 price target on shares of American International Group in a research note on Wednesday, September 6th. Wells Fargo & Company restated a “buy” rating and set a $75.00 price target on shares of American International Group in a research note on Sunday, October 1st. Morgan Stanley restated a “buy” rating on shares of American International Group in a research note on Tuesday, October 10th. Finally, Bank of America cut their price target on shares of American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, October 10th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. American International Group currently has a consensus rating of “Hold” and a consensus price target of $68.18.

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American International Group Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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