Swedbank AB Sells 19,081 Shares of American International Group, Inc. $AIG

Swedbank AB lessened its position in American International Group, Inc. (NYSE:AIG) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,298,095 shares of the insurance provider’s stock after selling 19,081 shares during the quarter. Swedbank AB owned about 0.24% of American International Group worth $111,052,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC acquired a new stake in American International Group in the 3rd quarter worth $2,724,000. Mitsubishi UFJ Trust & Banking Corp grew its position in American International Group by 21.6% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 583,680 shares of the insurance provider’s stock worth $45,842,000 after purchasing an additional 103,762 shares during the last quarter. Algebris UK Ltd. acquired a new stake in American International Group in the 3rd quarter worth $15,032,000. Caprock Group LLC acquired a new stake in American International Group in the 3rd quarter worth $3,054,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in American International Group in the 3rd quarter worth $2,257,000. Institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on AIG. Morgan Stanley decreased their price target on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. HSBC raised their price target on shares of American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Piper Sandler decreased their target price on shares of American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Keefe, Bruyette & Woods lifted their target price on shares of American International Group from $97.00 to $98.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Citigroup lifted their target price on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $88.06.

American International Group Price Performance

NYSE:AIG opened at $77.03 on Friday. The firm has a market cap of $40.84 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.71 and a beta of 0.53. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.46. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $76.18 and its two-hundred day moving average price is $77.64.

American International Group (NYSE:AIG) last released its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same period in the previous year, the business earned $1.17 earnings per share. On average, equities analysts anticipate that American International Group, Inc. will post 7.97 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. This is a boost from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, June 15th. American International Group’s dividend payout ratio (DPR) is presently 35.27%.

American International Group Profile

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.