Avanza Fonder AB Invests $3.15 Million in American International Group, Inc. (NYSE:AIG)

Avanza Fonder AB bought a new stake in American International Group, Inc. (NYSE:AIG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 43,268 shares of the insurance provider's stock, valued at approximately $3,150,000.

Other large investors have also recently added to or reduced their stakes in the company. EagleClaw Capital Managment LLC grew its position in American International Group by 0.5% during the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider's stock valued at $2,225,000 after acquiring an additional 150 shares during the period. Independent Advisor Alliance increased its position in American International Group by 1.6% during the 3rd quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider's stock worth $761,000 after purchasing an additional 161 shares in the last quarter. Graypoint LLC raised its holdings in American International Group by 2.0% in the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider's stock valued at $635,000 after buying an additional 167 shares during the period. Commerce Bank lifted its position in American International Group by 1.0% during the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider's stock valued at $1,262,000 after buying an additional 172 shares in the last quarter. Finally, Stablepoint Partners LLC grew its stake in American International Group by 1.0% during the third quarter. Stablepoint Partners LLC now owns 17,149 shares of the insurance provider's stock worth $1,256,000 after buying an additional 173 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Jefferies Financial Group raised their target price on shares of American International Group from $82.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Wells Fargo & Company boosted their price objective on American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Royal Bank of Canada reiterated an "outperform" rating and issued a $87.00 target price on shares of American International Group in a research note on Wednesday, November 6th. 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 note on Wednesday, January 8th. Finally, UBS Group upped their price objective on shares of American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $84.13.

American International Group Stock Performance

Shares of American International Group stock traded up $0.45 during trading hours on Friday, reaching $75.06. The company's stock had a trading volume of 4,869,411 shares, compared to its average volume of 3,611,175. American International Group, Inc. has a one year low of $66.06 and a one year high of $80.83. The company's 50 day simple moving average is $73.89 and its 200 day simple moving average is $74.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $46.82 billion, a P/E ratio of -22.14, a price-to-earnings-growth ratio of 5.51 and a beta of 1.06.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.13. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period in the previous year, the firm posted $1.61 earnings per share. As a group, analysts expect that American International Group, Inc. will post 4.91 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently announced 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 2.13%. The ex-dividend date of this dividend was Monday, December 16th. American International Group's payout ratio is -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.