Handelsbanken Fonder AB Grows Stock Holdings in American International Group, Inc. (NYSE:AIG)

Handelsbanken Fonder AB lifted its position in shares of American International Group, Inc. (NYSE:AIG) by 11.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 179,189 shares of the insurance provider’s stock after purchasing an additional 18,832 shares during the period. Handelsbanken Fonder AB’s holdings in American International Group were worth $13,045,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Asset Planning Inc purchased a new position in shares of American International Group during the 4th quarter valued at $26,000. True Wealth Design LLC purchased a new stake in American International Group in the 3rd quarter worth $29,000. Continuum Advisory LLC lifted its stake in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 207 shares in the last quarter. Fortitude Family Office LLC lifted its stake in American International Group by 58.3% in the 4th quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in American International Group in the 3rd quarter worth $46,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of NYSE:AIG opened at $76.72 on Friday. The company has a market capitalization of $45.52 billion, a price-to-earnings ratio of -36.88, a PEG ratio of 0.98 and a beta of 1.05. American International Group, Inc. has a 12 month low of $68.65 and a 12 month high of $80.83. The firm’s 50-day moving average is $73.68 and its 200 day moving average is $74.49. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 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%. Research analysts predict that American International Group, Inc. will post 6.32 EPS for the current year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 2.09%. American International Group’s payout ratio is -76.92%.

Analyst Ratings Changes

Several analysts have commented on AIG shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Morgan Stanley boosted their price target on shares of 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. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Wells Fargo & Company boosted their price target 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.94.

Insider Activity at American International Group

In related news, Director John G. Rice bought 10,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is currently owned by insiders.

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.