DnB Asset Management AS Has $8.46 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

DnB Asset Management AS lowered its holdings in American International Group, Inc. (NYSE:AIG) by 3.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 116,135 shares of the insurance provider’s stock after selling 3,892 shares during the quarter. DnB Asset Management AS’s holdings in American International Group were worth $8,455,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AIG. Duncker Streett & Co. Inc. acquired a new stake in shares of American International Group in the fourth quarter worth $25,000. Asset Planning Inc acquired a new stake in American International Group in the 4th quarter worth $26,000. True Wealth Design LLC bought a new position in shares of American International Group during the 3rd quarter worth about $29,000. BankPlus Trust Department bought a new position in shares of American International Group during the 4th quarter worth about $36,000. Finally, Continuum Advisory LLC raised its position in shares of American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after buying an additional 207 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Insider Activity at American International Group

In other news, Director John G. Rice purchased 10,000 shares of the firm’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 acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by company insiders.

American International Group Trading Down 1.0 %

Shares of AIG opened at $83.55 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $49.57 billion, a price-to-earnings ratio of -40.17, a PEG ratio of 1.01 and a beta of 0.98. The stock has a fifty day moving average price of $78.53 and a two-hundred day moving average price of $75.93. American International Group, Inc. has a 52-week low of $69.00 and a 52-week high of $85.11.

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 analysts’ consensus estimates 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%. Analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.92%. American International Group’s dividend payout ratio (DPR) is currently -76.92%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AIG shares. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. UBS Group lowered their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. BMO Capital Markets raised their target price on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday, March 13th. Keefe, Bruyette & Woods boosted their price target on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, American International Group has an average rating of “Moderate Buy” and an average price target of $84.31.

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.