171,365 Shares in American International Group, Inc. (NYSE:AIG) Purchased by AMF Tjanstepension AB

AMF Tjanstepension AB acquired a new stake in American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 171,365 shares of the insurance provider’s stock, valued at approximately $12,475,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AIG. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of American International Group in the fourth quarter valued at approximately $146,000. Callan Family Office LLC acquired a new stake in shares of American International Group in the 4th quarter valued at $612,000. EagleClaw Capital Managment LLC boosted its holdings in shares of American International Group by 2.5% in the 4th quarter. EagleClaw Capital Managment LLC now owns 31,129 shares of the insurance provider’s stock valued at $2,266,000 after purchasing an additional 750 shares in the last quarter. Candriam S.C.A. boosted its holdings in shares of American International Group by 91.2% in the 4th quarter. Candriam S.C.A. now owns 323,719 shares of the insurance provider’s stock valued at $23,567,000 after purchasing an additional 154,382 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of American International Group in the 4th quarter valued at $95,074,000. Institutional investors own 90.60% of the company’s stock.

Insider Activity at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is owned by company insiders.

American International Group Stock Performance

AIG stock opened at $81.58 on Friday. The firm has a market cap of $48.40 billion, a PE ratio of -39.22, a P/E/G ratio of 1.01 and a beta of 0.98. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average of $75.35 and a 200-day moving average of $75.05. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $83.77.

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

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.96%. American International Group’s payout ratio is -76.92%.

Analyst Ratings Changes

A number of research analysts have recently commented on AIG shares. Wells Fargo & Company increased their price target on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered their target price on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 target price (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods lifted their price objective on American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Finally, HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Wednesday. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, American International Group presently has a consensus rating of “Moderate Buy” and an average price target of $84.38.

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.