Nordea Investment Management AB Sells 2,095 Shares of American International Group, Inc. $AIG

Nordea Investment Management AB lessened its position in American International Group, Inc. (NYSE:AIG) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,000 shares of the insurance provider’s stock after selling 2,095 shares during the quarter. Nordea Investment Management AB’s holdings in American International Group were worth $4,680,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sachetta LLC lifted its holdings in shares of American International Group by 194.5% in the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 249 shares during the last quarter. GFG Capital LLC bought a new stake in shares of American International Group in the 2nd quarter worth about $33,000. Barrett & Company Inc. bought a new stake in shares of American International Group in the 2nd quarter worth about $35,000. Hemington Wealth Management lifted its holdings in shares of American International Group by 42.8% in the 1st quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 142 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of American International Group in the 2nd quarter worth about $42,000. Institutional investors own 90.60% of the company’s stock.

American International Group Trading Up 0.9%

NYSE AIG opened at $78.39 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $43.43 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 0.77 and a beta of 0.68. The company’s 50-day simple moving average is $79.98 and its two-hundred day simple moving average is $81.40. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter last year, the firm posted $1.16 EPS. Equities analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group’s dividend payout ratio (DPR) is 34.09%.

Wall Street Analysts Forecast Growth

AIG has been the subject of several analyst reports. Citigroup started coverage on shares of American International Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 target price for the company. William Blair raised shares of American International Group to a “strong-buy” rating in a research note on Friday, August 1st. Wolfe Research started coverage on shares of American International Group in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Cantor Fitzgerald raised shares of American International Group to a “hold” rating in a research note on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American International Group in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.81.

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.