BI Asset Management Fondsmaeglerselskab A S Purchases New Stake in American International Group, Inc. (NYSE:AIG)

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in American International Group, Inc. (NYSE:AIG - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 26,081 shares of the insurance provider's stock, valued at approximately $1,899,000.

Other large investors also recently modified their holdings of the company. Capital Research Global Investors lifted its position in American International Group by 1.4% during the fourth quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock worth $2,540,050,000 after acquiring an additional 482,724 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in American International Group by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,915,405 shares of the insurance provider's stock valued at $503,437,000 after buying an additional 143,046 shares in the last quarter. First Trust Advisors LP increased its position in American International Group by 7.4% during the fourth quarter. First Trust Advisors LP now owns 458,495 shares of the insurance provider's stock worth $33,378,000 after acquiring an additional 31,405 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of American International Group by 7.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 926,085 shares of the insurance provider's stock worth $67,388,000 after purchasing an additional 63,194 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in American International Group by 29.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 707,661 shares of the insurance provider's stock valued at $51,518,000 after acquiring an additional 160,253 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director John G. Rice bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AIG shares. Evercore ISI increased their target price on American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $91.00 price target (up previously from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. BMO Capital Markets upped their target price on American International Group from $75.00 to $83.00 and gave the stock a "market perform" rating in a research note on Thursday, March 13th. Barclays decreased their price target on American International Group from $98.00 to $92.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Morgan Stanley boosted their target price on American International Group from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Friday, April 4th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $87.65.

American International Group Price Performance

American International Group stock opened at $79.35 on Tuesday. The firm has a market cap of $47.25 billion, a P/E ratio of -38.15, a P/E/G ratio of 1.01 and a beta of 0.63. The stock's 50 day moving average is $81.12 and its 200 day moving average is $77.01. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last posted 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 positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, research analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.02%. American International Group's payout ratio is -76.92%.

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.

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