MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $39.38 Million Holdings in American International Group, Inc. (NYSE:AIG)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in American International Group, Inc. (NYSE:AIG) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 581,239 shares of the insurance provider’s stock after buying an additional 66,603 shares during the quarter. American International Group accounts for 1.5% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s investment portfolio, making the stock its 29th largest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned about 0.08% of American International Group worth $39,379,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AIG. Norges Bank bought a new stake in shares of American International Group during the fourth quarter valued at approximately $736,063,000. Morgan Stanley increased its holdings in shares of American International Group by 55.1% during the fourth quarter. Morgan Stanley now owns 10,519,406 shares of the insurance provider’s stock valued at $665,247,000 after acquiring an additional 3,738,346 shares in the last quarter. Sessa Capital IM L.P. bought a new stake in shares of American International Group during the first quarter valued at approximately $73,040,000. Comerica Bank bought a new stake in American International Group during the second quarter worth $80,676,000. Finally, Deutsche Bank AG grew its holdings in American International Group by 58.1% during the first quarter. Deutsche Bank AG now owns 3,686,994 shares of the insurance provider’s stock worth $185,677,000 after buying an additional 1,354,652 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

AIG traded down $0.17 during trading on Friday, reaching $78.17. 4,293,056 shares of the company were exchanged, compared to its average volume of 4,193,491. The company’s 50-day moving average is $72.17 and its two-hundred day moving average is $66.83. The company has a market cap of $53.23 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 1.10 and a beta of 1.02. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44. American International Group, Inc. has a 12-month low of $47.99 and a 12-month high of $78.70.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.20. The business had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.61 billion. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 EPS. Research analysts forecast that American International Group, Inc. will post 7.1 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a yield of 1.84%. American International Group’s dividend payout ratio is currently 28.86%.

Insiders Place Their Bets

In other American International Group news, Director John C. Inglis bought 659 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the purchase, the director now directly owns 659 shares of the company’s stock, valued at $49,682.01. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director John C. Inglis acquired 659 shares of American International Group stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the transaction, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Peter Zaffino sold 333,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $75.87, for a total value 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. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the subject of several recent research reports. TD Cowen initiated coverage on American International Group in a report on Wednesday, January 10th. They set a “market perform” rating and a $78.00 price target for the company. UBS Group upped their price objective on American International Group from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Royal Bank of Canada upped their price objective on American International Group from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. HSBC initiated coverage on American International Group in a research note on Thursday, December 28th. They issued a “buy” rating and a $86.00 price objective for the company. Finally, BMO Capital Markets reduced their price objective on American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.06.

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.