Fjarde AP Fonden Fourth Swedish National Pension Fund Has $11.02 Million Stake in American International Group, Inc. (NYSE:AIG)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in American International Group, Inc. (NYSE:AIG - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,326 shares of the insurance provider's stock after selling 19,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in American International Group were worth $11,017,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of American International Group during the third quarter valued at $494,000. Artemis Investment Management LLP lifted its holdings in shares of American International Group by 115.9% during the fourth quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock valued at $19,965,000 after purchasing an additional 147,235 shares during the last quarter. Beacon Investment Advisory Services Inc. lifted its holdings in shares of American International Group by 5.2% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock valued at $5,155,000 after purchasing an additional 3,490 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of American International Group during the fourth quarter valued at $1,260,000. Finally, Williams & Novak LLC purchased a new stake in shares of American International Group during the fourth quarter valued at $279,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Up 2.0 %

Shares of NYSE AIG traded up $1.58 during mid-day trading on Thursday, reaching $79.75. 4,883,308 shares of the company traded hands, compared to its average volume of 4,165,213. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $47.32 billion, a PE ratio of -38.34, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. The company's fifty day moving average is $74.13 and its two-hundred day moving average is $74.66. American International Group, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. On average, analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Monday, March 17th. American International Group's dividend payout ratio (DPR) is currently -76.92%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AIG. Royal Bank of Canada reissued an "outperform" rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Morgan Stanley increased their price objective on American International Group from $75.00 to $76.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods upped their target price on American International Group from $87.00 to $90.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Finally, UBS Group dropped their target price on American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, American International Group has an average rating of "Hold" and an average target price of $83.94.

Insider Buying and Selling at American International Group

In other news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the transaction, the director now owns 10,000 shares of the company's stock, valued at $770,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.61% of the company's stock.

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.