KBC Group NV Raises Stock Holdings in American International Group, Inc. (NYSE:AIG)

KBC Group NV grew its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 241,090 shares of the insurance provider's stock after acquiring an additional 20,715 shares during the quarter. KBC Group NV's holdings in American International Group were worth $17,655,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Christopher J. Hasenberg Inc bought a new position in shares of American International Group during the third quarter valued at approximately $26,000. Fortitude Family Office LLC increased its holdings in American International Group by 199.2% during the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider's stock valued at $27,000 after buying an additional 239 shares during the last quarter. Y.D. More Investments Ltd bought a new position in American International Group in the 2nd quarter worth $27,000. Versant Capital Management Inc increased its holdings in American International Group by 326.0% in the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider's stock worth $33,000 after acquiring an additional 339 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of American International Group during the third quarter worth about $46,000. Institutional investors own 90.60% of the company's stock.

Insider Activity

In related news, major shareholder International Group American sold 5,000,000 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the transaction, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AIG shares. BMO Capital Markets cut American International Group from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Keefe, Bruyette & Woods dropped their target price on shares of American International Group from $88.00 to $87.00 and set an "outperform" rating on the stock in a report on Tuesday. Jefferies Financial Group boosted their price target on American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Wells Fargo & Company reduced their price target on American International Group from $77.00 to $76.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 6th. Finally, UBS Group raised their price target on shares of American International Group from $84.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $84.13.

American International Group Price Performance

Shares of American International Group stock traded up $0.02 during trading on Friday, hitting $75.77. 5,524,165 shares of the stock traded hands, compared to its average volume of 4,127,986. American International Group, Inc. has a 52 week low of $63.57 and a 52 week high of $80.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm's fifty day moving average is $75.20 and its 200-day moving average is $75.68. The stock has a market cap of $47.26 billion, a price-to-earnings ratio of -22.35, a PEG ratio of 7.53 and a beta of 1.05.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the previous year, the firm posted $1.61 earnings per share. Research analysts expect that American International Group, Inc. will post 5.13 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Monday, December 16th. American International Group's dividend payout ratio (DPR) is presently -47.20%.

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.