Handelsbanken Fonder AB Buys 27,334 Shares of American International Group, Inc. (NYSE:AIG)

Handelsbanken Fonder AB grew its stake in American International Group, Inc. (NYSE:AIG) by 19.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,511 shares of the insurance provider’s stock after acquiring an additional 27,334 shares during the quarter. Handelsbanken Fonder AB’s holdings in American International Group were worth $11,620,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. CWM LLC boosted its holdings in American International Group by 2.4% in the fourth quarter. CWM LLC now owns 11,000 shares of the insurance provider’s stock worth $745,000 after acquiring an additional 260 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of American International Group by 0.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,548 shares of the insurance provider’s stock worth $5,322,000 after purchasing an additional 416 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of American International Group by 28.8% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 15,010 shares of the insurance provider’s stock worth $1,017,000 after purchasing an additional 3,358 shares during the last quarter. Signaturefd LLC raised its stake in shares of American International Group by 4.8% in the fourth quarter. Signaturefd LLC now owns 5,704 shares of the insurance provider’s stock worth $386,000 after purchasing an additional 262 shares during the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of American International Group by 2.7% in the fourth quarter. Lindbrook Capital LLC now owns 6,764 shares of the insurance provider’s stock worth $458,000 after purchasing an additional 176 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Insider Transactions at American International Group

In other American International Group news, Director John C. Inglis acquired 659 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the purchase, the director now directly owns 659 shares in the company, valued at approximately $49,682.01. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the transaction, the chief executive officer now owns 505,420 shares of the company’s stock, valued at $38,346,215.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Inglis purchased 659 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average cost of $75.39 per share, with a total value of $49,682.01. Following the completion of the purchase, the director now owns 659 shares of the company’s stock, valued at approximately $49,682.01. The disclosure for this purchase can be found here. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Royal Bank of Canada boosted their price target on American International Group from $76.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. upped their price objective on American International Group from $73.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. BMO Capital Markets reduced their price objective on American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Bank of America cut American International Group from a “buy” rating to a “neutral” rating and upped their price objective for the company from $75.00 to $77.00 in a research report on Tuesday, February 20th. Finally, Evercore ISI upped their price objective on American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.38.

American International Group Stock Performance

Shares of AIG opened at $74.93 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $74.41 and a two-hundred day simple moving average of $68.76. The stock has a market cap of $51.02 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 1.07 and a beta of 1.03. American International Group, Inc. has a 52 week low of $48.95 and a 52 week high of $78.95.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.20. The business had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $11.61 billion. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.36 earnings per share. On average, analysts expect that American International Group, Inc. will post 6.95 EPS for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group’s dividend payout ratio (DPR) is 28.86%.

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.