Swedbank AB Raises Holdings in American International Group, Inc. (NYSE:AIG)

Swedbank AB raised its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 70.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,127,688 shares of the insurance provider's stock after acquiring an additional 880,625 shares during the quarter. Swedbank AB owned approximately 0.34% of American International Group worth $154,896,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AIG. Hantz Financial Services Inc. boosted its holdings in American International Group by 1.8% in the fourth quarter. Hantz Financial Services Inc. now owns 266,556 shares of the insurance provider's stock valued at $19,405,000 after purchasing an additional 4,627 shares in the last quarter. Williams & Novak LLC purchased a new stake in shares of American International Group during the 4th quarter worth approximately $279,000. BSW Wealth Partners boosted its holdings in shares of American International Group by 4.1% in the 4th quarter. BSW Wealth Partners now owns 7,062 shares of the insurance provider's stock valued at $514,000 after buying an additional 277 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of American International Group by 18.4% in the 4th quarter. Perigon Wealth Management LLC now owns 6,571 shares of the insurance provider's stock valued at $490,000 after buying an additional 1,019 shares during the last quarter. Finally, Parsons Capital Management Inc. RI grew its position in shares of American International Group by 95.7% in the 4th quarter. Parsons Capital Management Inc. RI now owns 40,333 shares of the insurance provider's stock valued at $2,936,000 after buying an additional 19,725 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Price Performance

NYSE:AIG traded down $0.01 during trading hours on Thursday, hitting $75.41. The company's stock had a trading volume of 3,199,841 shares, compared to its average volume of 3,982,897. American International Group, Inc. has a 52-week low of $67.53 and a 52-week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The business's 50-day moving average is $73.81 and its two-hundred day moving average is $74.64. The company has a market capitalization of $47.04 billion, a PE ratio of -22.24, a PEG ratio of 5.89 and a beta of 1.06.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the firm posted $1.61 EPS. As a group, research analysts anticipate that American International Group, Inc. will post 4.89 EPS 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Monday, December 16th. American International Group's dividend payout ratio is currently -47.20%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AIG shares. Keefe, Bruyette & Woods decreased their price objective on shares of American International Group from $88.00 to $87.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. BMO Capital Markets downgraded American International Group from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $90.00 to $84.00 in a research note on Tuesday, October 15th. Bank of America boosted their price objective on American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Finally, Evercore ISI reduced 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. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, American International Group has a consensus rating of "Hold" and an average price target of $84.13.

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.