8,300 Shares in American International Group, Inc. $AIG Acquired by Andra AP fonden

Andra AP fonden bought a new position in American International Group, Inc. (NYSE:AIG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,300 shares of the insurance provider’s stock, valued at approximately $652,000.

Other large investors have also recently modified their holdings of the company. DNB Asset Management AS boosted its stake in American International Group by 2.0% in the 3rd quarter. DNB Asset Management AS now owns 108,982 shares of the insurance provider’s stock worth $8,559,000 after purchasing an additional 2,115 shares in the last quarter. Westpac Banking Corp boosted its stake in American International Group by 15.7% during the 3rd quarter. Westpac Banking Corp now owns 1,565 shares of the insurance provider’s stock valued at $123,000 after purchasing an additional 212 shares during the last quarter. Interchange Capital Partners LLC increased its holdings in shares of American International Group by 25.8% in the 3rd quarter. Interchange Capital Partners LLC now owns 3,614 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 741 shares in the last quarter. Total Clarity Wealth Management Inc. purchased a new position in shares of American International Group in the third quarter worth $979,000. Finally, Intech Investment Management LLC lifted its holdings in shares of American International Group by 2.6% during the third quarter. Intech Investment Management LLC now owns 43,976 shares of the insurance provider’s stock valued at $3,454,000 after purchasing an additional 1,113 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

AIG stock opened at $80.40 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The company’s fifty day moving average price is $78.24 and its 200-day moving average price is $78.96. American International Group, Inc. has a one year low of $71.25 and a one year high of $88.07. The company has a market capitalization of $43.14 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the previous year, the firm posted $1.30 EPS. On average, equities analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, March 16th. American International Group’s payout ratio is currently 33.21%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AIG. The Goldman Sachs Group increased their price objective on shares of American International Group from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. TD Cowen upped their price objective on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Mizuho increased their target price on American International Group from $83.00 to $86.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Piper Sandler cut their price target on American International Group from $95.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $87.58.

About American International Group

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.