Forsta AP Fonden Sells 4,000 Shares of American International Group, Inc. (NYSE:AIG)

Forsta AP Fonden decreased its position in American International Group, Inc. (NYSE:AIG) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,400 shares of the insurance provider’s stock after selling 4,000 shares during the period. Forsta AP Fonden’s holdings in American International Group were worth $9,420,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AIG. Williams & Novak LLC bought a new stake in shares of American International Group during the fourth quarter valued at approximately $279,000. BSW Wealth Partners boosted its stake in American International Group by 4.1% during the 4th quarter. BSW Wealth Partners now owns 7,062 shares of the insurance provider’s stock valued at $514,000 after purchasing an additional 277 shares during the last quarter. Perigon Wealth Management LLC increased its holdings 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 worth $490,000 after purchasing an additional 1,019 shares in the last quarter. Parsons Capital Management Inc. RI raised its stake in shares of American International Group by 95.7% in the fourth quarter. Parsons Capital Management Inc. RI now owns 40,333 shares of the insurance provider’s stock worth $2,936,000 after purchasing an additional 19,725 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of American International Group by 20.2% during the fourth quarter. KBC Group NV now owns 289,906 shares of the insurance provider’s stock valued at $21,105,000 after purchasing an additional 48,816 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Trading Down 0.0 %

NYSE:AIG opened at $75.41 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 52-week low of $67.53 and a 52-week high of $80.83. The stock’s 50 day moving average price is $73.81 and its 200 day moving average price is $74.64. The company has a market capitalization of $47.04 billion, a PE ratio of -22.24, a P/E/G ratio of 5.89 and a beta of 1.06.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period last year, the company earned $1.61 earnings per share. On average, research analysts anticipate that American International Group, Inc. will post 4.89 EPS for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.12%. American International Group’s dividend payout ratio (DPR) is -47.20%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AIG. Jefferies Financial Group increased their price target on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Wells Fargo & Company boosted their price target on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Evercore ISI lowered their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 9th. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $84.13.

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.