American International Group, Inc. $AIG Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its stake in American International Group, Inc. (NYSE:AIG) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 239,085 shares of the insurance provider’s stock after purchasing an additional 1,000 shares during the period. KLP Kapitalforvaltning AS’s holdings in American International Group were worth $20,463,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sachetta LLC increased its holdings in American International Group by 194.5% during the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 249 shares in the last quarter. Barrett & Company Inc. purchased a new position in American International Group during the 2nd quarter valued at about $35,000. Hemington Wealth Management increased its holdings in American International Group by 42.8% during the 1st quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 142 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in American International Group during the 2nd quarter valued at about $42,000. Finally, NBC Securities Inc. purchased a new position in American International Group during the 1st quarter valued at about $47,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on AIG shares. Keefe, Bruyette & Woods dropped their target price on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Wolfe Research began coverage on shares of American International Group in a report on Tuesday, September 16th. They set a “peer perform” rating for the company. The Goldman Sachs Group lifted their price target on shares of American International Group from $85.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday. UBS Group lifted their price target on shares of American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Morgan Stanley lowered their price target on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.94.

American International Group Price Performance

American International Group stock opened at $84.01 on Thursday. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The firm has a 50 day moving average price of $79.61 and a 200 day moving average price of $81.70. The company has a market cap of $46.54 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 0.89 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the previous year, the firm earned $1.16 earnings per share. Sell-side analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, September 16th. American International Group’s payout ratio is presently 34.09%.

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.