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

KBC Group NV grew its position in American International Group, Inc. (NYSE:AIG - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 289,906 shares of the insurance provider's stock after acquiring an additional 48,816 shares during the period. KBC Group NV's holdings in American International Group were worth $21,105,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc purchased a new stake in shares of American International Group in the third quarter valued at about $26,000. True Wealth Design LLC purchased a new stake in shares of American International Group in the third quarter valued at about $29,000. Fortitude Family Office LLC boosted its holdings in shares of American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider's stock valued at $41,000 after acquiring an additional 210 shares in the last quarter. Continuum Advisory LLC boosted its holdings in shares of American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider's stock valued at $42,000 after acquiring an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of American International Group in the third quarter valued at about $46,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Trading Down 2.5 %

Shares of NYSE:AIG traded down $1.87 during trading on Friday, reaching $73.55. The stock had a trading volume of 4,453,560 shares, compared to its average volume of 3,624,084. The business has a fifty day moving average price of $73.74 and a 200-day moving average price of $74.61. 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 stock has a market cap of $45.88 billion, a P/E ratio of -21.70, a PEG ratio of 5.94 and a beta of 1.06. American International Group, Inc. has a fifty-two week low of $67.53 and a fifty-two week high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same quarter in the previous year, the business posted $1.61 earnings per share. As a group, analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Monday, December 16th. American International Group's dividend payout ratio is presently -47.20%.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of research analyst reports. StockNews.com raised shares of American International Group from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Jefferies Financial Group boosted their price objective on shares of American International Group from $82.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Wells Fargo & Company boosted their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. Royal Bank of Canada reissued an "outperform" rating and set a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Finally, BMO Capital Markets downgraded shares of American International Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, American International Group presently has an average rating of "Hold" and a consensus target price of $84.13.

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.