Handelsbanken Fonder AB Has $13.05 Million Holdings in American International Group, Inc. (NYSE:AIG)

Handelsbanken Fonder AB raised its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,189 shares of the insurance provider's stock after buying an additional 18,832 shares during the period. Handelsbanken Fonder AB's holdings in American International Group were worth $13,045,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Atlanta Consulting Group Advisors LLC purchased a new position in American International Group in the third quarter valued at about $494,000. Artemis Investment Management LLP grew its stake in shares of American International Group by 115.9% in the 4th quarter. Artemis Investment Management LLP now owns 274,246 shares of the insurance provider's stock valued at $19,965,000 after buying an additional 147,235 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its holdings in American International Group by 5.2% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 70,816 shares of the insurance provider's stock worth $5,155,000 after buying an additional 3,490 shares during the last quarter. Merit Financial Group LLC bought a new position in American International Group during the fourth quarter valued at approximately $1,260,000. Finally, Williams & Novak LLC acquired a new stake in American International Group in the fourth quarter valued at approximately $279,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John G. Rice bought 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the purchase, the director now owns 10,000 shares of the company's stock, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AIG shares. Royal Bank of Canada restated an "outperform" rating and set a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. UBS Group lowered their target price on shares of 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. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $79.00 price target (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. StockNews.com raised American International Group from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. reduced their target price on American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $83.94.

American International Group Stock Performance

Shares of AIG stock traded up $0.88 during mid-day trading on Tuesday, reaching $79.45. The stock had a trading volume of 2,898,113 shares, compared to its average volume of 4,059,043. The firm has a market cap of $47.14 billion, a PE ratio of -38.21, a P/E/G ratio of 1.01 and a beta of 1.05. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a one year low of $69.00 and a one year high of $80.83. The firm's 50 day simple moving average is $73.81 and its 200 day simple moving average is $74.58.

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

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. 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 payout ratio is -76.92%.

American International Group 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.