Munich Reinsurance Co Stock Corp in Munich Raises Stock Holdings in American International Group, Inc. $AIG

Munich Reinsurance Co Stock Corp in Munich increased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 16.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 882,336 shares of the insurance provider’s stock after acquiring an additional 123,401 shares during the period. American International Group comprises 1.5% of Munich Reinsurance Co Stock Corp in Munich’s portfolio, making the stock its 23rd biggest position. Munich Reinsurance Co Stock Corp in Munich’s holdings in American International Group were worth $65,761,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of American International Group during the fourth quarter worth $636,782,000. Lee Danner & Bass Inc. grew its holdings in shares of American International Group by 194.2% in the first quarter. Lee Danner & Bass Inc. now owns 33,781 shares of the insurance provider’s stock worth $2,542,000 after purchasing an additional 22,300 shares during the last quarter. Swiss National Bank increased its stake in American International Group by 4.3% in the 1st quarter. Swiss National Bank now owns 1,583,564 shares of the insurance provider’s stock worth $119,163,000 after buying an additional 65,400 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in American International Group by 4.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,156,343 shares of the insurance provider’s stock valued at $97,445,000 after buying an additional 50,775 shares in the last quarter. Finally, Generali Asset Management SPA SGR lifted its holdings in American International Group by 493.8% during the 4th quarter. Generali Asset Management SPA SGR now owns 41,083 shares of the insurance provider’s stock valued at $3,515,000 after buying an additional 34,164 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on AIG shares. JPMorgan Chase & Co. upped their target price on shares of American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. UBS Group boosted their price target on American International Group from $94.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. HSBC dropped their price objective on American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Wells Fargo & Company decreased their target price on American International Group from $89.00 to $85.00 and set an “equal weight” rating for the company in a research report on Monday, August 10th. Finally, Argus reiterated a “buy” rating and issued a $90.00 target price on shares of American International Group in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $88.37.

American International Group Trading Down 0.9%

NYSE:AIG opened at $76.18 on Friday. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $39.83 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.86 and a beta of 0.50. The firm has a 50-day simple moving average of $77.96 and a 200-day simple moving average of $76.99.

American International Group (NYSE:AIG) last released its quarterly earnings data on Friday, August 7th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.25 billion. American International Group had a net margin of 11.13% and a return on equity of 11.05%. During the same period last year, the firm earned $1.81 earnings per share. Equities analysts anticipate that American International Group, Inc. will post 8.02 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. American International Group’s dividend payout ratio (DPR) is currently 36.56%.

Insider Activity at American International Group

In related news, insider Peter Zaffino sold 200,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $76.47, for a total transaction of $15,294,000.00. Following the completion of the sale, the insider directly owned 592,833 shares in the company, valued at $45,333,939.51. This represents a 25.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

About American International Group

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.