Norinchukin Bank The Raises Holdings in American International Group, Inc. (NYSE:AIG)

Norinchukin Bank The grew its stake in American International Group, Inc. (NYSE:AIG) by 9.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,059 shares of the insurance provider’s stock after buying an additional 2,614 shares during the quarter. Norinchukin Bank The’s holdings in American International Group were worth $2,188,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new stake in shares of American International Group during the 4th quarter worth $718,013,000. Wellington Management Group LLP lifted its holdings in American International Group by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider’s stock worth $1,951,427,000 after buying an additional 1,791,964 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of American International Group during the 4th quarter worth about $95,074,000. Franklin Resources Inc. boosted its position in shares of American International Group by 14.0% during the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider’s stock worth $760,528,000 after acquiring an additional 1,284,354 shares in the last quarter. Finally, Swedbank AB increased its holdings in shares of American International Group by 70.6% in the 4th quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock valued at $154,896,000 after acquiring an additional 880,625 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

NYSE AIG opened at $81.14 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $81.07 and its two-hundred day moving average is $76.99. The stock has a market capitalization of $48.32 billion, a price-to-earnings ratio of -39.01, a PEG ratio of 1.01 and a beta of 0.63. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $88.07.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. Research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 1.97%. American International Group’s payout ratio is currently -76.92%.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice bought 10,000 shares of the stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AIG shares. UBS Group lowered their price target on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $91.00 target price (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Morgan Stanley boosted their price target on shares of American International Group from $76.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, April 4th. Wells Fargo & Company dropped their price objective on American International Group from $82.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. Finally, Evercore ISI boosted their target price on American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a report on Tuesday, April 1st. Nine 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, American International Group currently has an average rating of “Moderate Buy” and an average price target of $87.65.

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.