Forsta AP Fonden Lowers Stake in American International Group, Inc. (NYSE:AIG)

Forsta AP Fonden trimmed its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 129,400 shares of the insurance provider's stock after selling 4,000 shares during the quarter. Forsta AP Fonden's holdings in American International Group were worth $9,420,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP grew its stake in shares of American International Group by 32.4% in the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider's stock worth $1,831,727,000 after acquiring an additional 6,119,996 shares during the period. Prana Capital Management LP boosted its holdings in American International Group by 280.5% in the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider's stock worth $138,264,000 after purchasing an additional 1,391,859 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of American International Group by 5.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider's stock worth $1,002,163,000 after acquiring an additional 722,237 shares during the period. Barclays PLC grew its stake in shares of American International Group by 24.7% during the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider's stock valued at $201,286,000 after purchasing an additional 544,110 shares during the period. Finally, Holocene Advisors LP increased its holdings in American International Group by 23.5% during the third quarter. Holocene Advisors LP now owns 2,554,519 shares of the insurance provider's stock valued at $187,067,000 after buying an additional 486,736 shares during the last quarter. Institutional investors own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AIG. Royal Bank of Canada restated an "outperform" rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Wells Fargo & Company raised 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, January 14th. BMO Capital Markets cut American International Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. Evercore ISI dropped their price target on shares of American International Group from $79.00 to $78.00 and set an "in-line" rating for the company in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of American International Group from $88.00 to $87.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 12th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $84.13.

American International Group Price Performance

AIG traded down $1.87 during trading hours on Friday, hitting $73.55. The company's stock had a trading volume of 4,453,560 shares, compared to its average volume of 4,006,708. American International Group, Inc. has a 12 month low of $67.53 and a 12 month high of $80.83. The stock has a market cap of $45.88 billion, a price-to-earnings ratio of -21.70, a P/E/G ratio of 5.94 and a beta of 1.06. The business's 50-day moving average price is $73.79 and its 200-day moving average price is $74.64. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $1.61 EPS. Sell-side analysts expect that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. American International Group's dividend payout ratio is presently -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.