American International Group, Inc. (NYSE:AIG) Stock Holdings Lowered by Forsta AP Fonden

Forsta AP Fonden trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 129,400 shares of the insurance provider’s stock after selling 4,000 shares during the period. Forsta AP Fonden’s holdings in American International Group were worth $9,420,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AIG. Christopher J. Hasenberg Inc acquired a new position in shares of American International Group in the third quarter worth about $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group in the 3rd quarter valued at approximately $29,000. Fortitude Family Office LLC boosted 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 during the period. Continuum Advisory LLC raised its stake in American International Group by 60.7% during the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in American International Group during the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group raised their price target on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company lifted their target price on shares of 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. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 price target (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Finally, Jefferies Financial Group boosted their target price on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, American International Group currently has a consensus rating of “Hold” and a consensus target price of $84.13.

American International Group Stock Down 0.0 %

NYSE AIG opened at $75.41 on Friday. American International Group, Inc. has a 1-year low of $67.53 and a 1-year high of $80.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $73.81 and its two-hundred day moving average is $74.64. The company has a market capitalization of $47.04 billion, a price-to-earnings ratio of -22.24, a PEG ratio of 5.89 and a beta of 1.06.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the prior year, the business posted $1.61 earnings per share. Equities analysts forecast that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Monday, December 16th. American International Group’s dividend payout ratio is currently -47.20%.

American International Group Company 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.