American International Group, Inc. (NYSE:AIG) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in American International Group, Inc. (NYSE:AIG) by 11.2% during the fourth quarter, HoldingsChannel reports. The fund owned 151,326 shares of the insurance provider’s stock after selling 19,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in American International Group were worth $11,017,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AIG. Howard Capital Management Inc. raised its holdings in American International Group by 5.5% during the fourth quarter. Howard Capital Management Inc. now owns 4,559 shares of the insurance provider’s stock worth $332,000 after purchasing an additional 237 shares in the last quarter. Townsend & Associates Inc raised its stake in American International Group by 1.7% during the 4th quarter. Townsend & Associates Inc now owns 473,857 shares of the insurance provider’s stock worth $35,620,000 after acquiring an additional 8,110 shares in the last quarter. Callan Capital LLC purchased a new stake in American International Group in the fourth quarter valued at $233,000. Aspen Investment Management Inc boosted its stake in American International Group by 5.0% in the fourth quarter. Aspen Investment Management Inc now owns 5,198 shares of the insurance provider’s stock valued at $378,000 after acquiring an additional 246 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of American International Group by 11.7% during the fourth quarter. Handelsbanken Fonder AB now owns 179,189 shares of the insurance provider’s stock worth $13,045,000 after purchasing an additional 18,832 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AIG shares. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods increased their price objective on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 14th. JPMorgan Chase & Co. cut their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company increased their price target on shares of 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. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 price objective (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. Nine investment 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, American International Group presently has an average rating of “Hold” and an average price target of $83.94.

American International Group Stock Performance

Shares of AIG stock opened at $76.72 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $73.68 and a 200-day simple moving average of $74.54. The company has a market cap of $45.52 billion, a price-to-earnings ratio of -36.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.05. American International Group, Inc. has a 12-month low of $68.65 and a 12-month high of $80.83.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities 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. Investors 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 2.09%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio is currently -76.92%.

Insiders Place Their Bets

In other news, Director John G. Rice bought 10,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by company insiders.

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.