Danske Bank A S Raises Position in American International Group, Inc. $AIG

Danske Bank A S boosted its position in American International Group, Inc. (NYSE:AIG) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 345,819 shares of the insurance provider’s stock after purchasing an additional 13,500 shares during the period. Danske Bank A S owned about 0.07% of American International Group worth $25,774,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in shares of American International Group by 2.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after buying an additional 129 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in American International Group by 2.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after acquiring an additional 130 shares during the last quarter. Larson Financial Group LLC increased its holdings in American International Group by 12.6% in the 4th quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock worth $107,000 after acquiring an additional 140 shares during the last quarter. GW&K Investment Management LLC raised its stake in American International Group by 8.1% in the 4th quarter. GW&K Investment Management LLC now owns 1,917 shares of the insurance provider’s stock valued at $164,000 after acquiring an additional 144 shares during the period. Finally, Kestra Private Wealth Services LLC raised its stake in American International Group by 1.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 11,048 shares of the insurance provider’s stock valued at $831,000 after acquiring an additional 146 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AIG has been the subject of a number of research reports. BMO Capital Markets increased their target price on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. HSBC lowered their price target on shares of American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Piper Sandler upped their price target on shares of American International Group from $80.00 to $84.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Mizuho raised their price objective on shares of American International Group from $86.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Finally, Wells Fargo & Company reduced their price objective on shares of American International Group from $89.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday, August 10th. Seven investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $88.28.

American International Group Stock Down 0.4%

AIG stock opened at $75.81 on Thursday. The stock has a 50-day simple moving average of $77.67 and a two-hundred day simple moving average of $76.96. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $87.29. The firm has a market capitalization of $39.64 billion, a PE ratio of 13.86, a PEG ratio of 0.69 and a beta of 0.53. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. The company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.25 billion. American International Group had a net margin of 11.13% and a return on equity of 11.05%. During the same period last year, the business earned $1.81 earnings per share. On average, equities analysts predict that American International Group, Inc. will post 8.01 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, September 16th. American International Group’s payout ratio is 36.56%.

Insider Activity at American International Group

In other news, insider Peter Zaffino sold 200,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $76.47, for a total value of $15,294,000.00. Following the transaction, the insider owned 592,833 shares of the company’s stock, valued at approximately $45,333,939.51. This represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.