Swiss National Bank Has $132.44 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Swiss National Bank decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 7.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,819,164 shares of the insurance provider’s stock after selling 150,700 shares during the period. Swiss National Bank’s holdings in American International Group were worth $132,435,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sigma Planning Corp acquired a new position in American International Group in the third quarter valued at about $448,000. Ashton Thomas Securities LLC bought a new stake in shares of American International Group in the 3rd quarter valued at about $46,000. GSA Capital Partners LLP raised its position in shares of American International Group by 103.3% in the 3rd quarter. GSA Capital Partners LLP now owns 19,210 shares of the insurance provider’s stock valued at $1,407,000 after acquiring an additional 9,759 shares during the period. Aptus Capital Advisors LLC boosted its stake in American International Group by 7.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 10,457 shares of the insurance provider’s stock worth $766,000 after acquiring an additional 680 shares during the last quarter. Finally, KBC Group NV boosted its stake in American International Group by 9.4% during the 3rd quarter. KBC Group NV now owns 241,090 shares of the insurance provider’s stock worth $17,655,000 after acquiring an additional 20,715 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Transactions at American International Group

In other news, Director John G. Rice acquired 10,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were bought 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. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.61% of the company’s stock.

American International Group Stock Up 1.4 %

American International Group stock opened at $81.49 on Friday. 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, Inc. has a 1-year low of $69.00 and a 1-year high of $83.77. The company has a fifty day simple moving average of $76.03 and a 200 day simple moving average of $75.24. The company has a market cap of $48.35 billion, a P/E ratio of -39.18, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share 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 anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is -76.92%.

Wall Street Analysts Forecast Growth

AIG has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of American International Group from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. UBS Group lowered their price objective on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Hsbc Global Res upgraded American International Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price target 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, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $79.00 price target (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, American International Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.31.

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.