Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Stake in American International Group, Inc. (NYSE:AIG)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,326 shares of the insurance provider’s stock after selling 19,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in American International Group were worth $11,017,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AIG. Atlanta Consulting Group Advisors LLC purchased a new stake in American International Group during the 3rd quarter valued at about $494,000. Artemis Investment Management LLP grew its position in shares of American International Group by 115.9% in the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider’s stock valued at $19,965,000 after purchasing an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its holdings in shares of American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider’s stock valued at $5,155,000 after purchasing an additional 3,490 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of American International Group in the fourth quarter valued at approximately $1,260,000. Finally, Williams & Novak LLC purchased a new position in American International Group during the fourth quarter worth approximately $279,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John G. Rice purchased 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by insiders.

American International Group Stock Up 0.6 %

Shares of NYSE:AIG opened at $76.72 on Monday. The firm has a market capitalization of $45.52 billion, a PE ratio of -36.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.05. American International Group, Inc. has a 1 year low of $68.65 and a 1 year high of $80.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm’s 50-day moving average is $73.68 and its two-hundred day moving average is $74.54.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Analysts Set New Price Targets

AIG has been the subject of a number of recent research reports. Morgan Stanley raised their target price on American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. dropped their price objective on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company lifted their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $83.94.

About American International Group

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.