Avanza Fonder AB Acquires 9,969 Shares of American International Group, Inc. $AIG

Avanza Fonder AB increased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 24.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,770 shares of the insurance provider’s stock after purchasing an additional 9,969 shares during the quarter. Avanza Fonder AB’s holdings in American International Group were worth $4,343,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its holdings in American International Group by 2.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after buying an additional 129 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of American International Group by 2.9% in the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after buying an additional 130 shares in the last quarter. First Bank & Trust lifted its holdings in shares of American International Group by 2.2% in the third quarter. First Bank & Trust now owns 6,053 shares of the insurance provider’s stock worth $475,000 after buying an additional 131 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of American International Group by 17.7% during the third quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 131 shares during the last quarter. Finally, Howard Capital Management Inc. boosted its position in shares of American International Group by 3.0% during the third quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider’s stock worth $370,000 after acquiring an additional 138 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on AIG shares. Evercore reduced their price target on shares of American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. UBS Group dropped their price objective on shares of American International Group from $94.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Barclays reduced their target price on American International Group from $81.00 to $79.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 11th. Cantor Fitzgerald boosted their target price on American International Group from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Finally, Royal Bank Of Canada initiated coverage on American International Group in a research note on Tuesday, November 25th. They set a “sector perform” rating and a $85.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $88.17.

American International Group Price Performance

AIG stock opened at $74.35 on Wednesday. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $88.07. The firm has a market capitalization of $39.90 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 0.57 and a beta of 0.58. The company has a fifty day simple moving average of $76.43 and a two-hundred day simple moving average of $78.42. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last posted its earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share for the quarter, topping 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 firm 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. Analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, March 16th. American International Group’s payout ratio is presently 33.21%.

American International Group Company Profile

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.