KLP Kapitalforvaltning AS Buys 41,700 Shares of American International Group, Inc. $AIG

KLP Kapitalforvaltning AS boosted its stake in American International Group, Inc. (NYSE:AIG) by 17.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,785 shares of the insurance provider’s stock after acquiring an additional 41,700 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in American International Group were worth $24,021,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AIG. Brighton Jones LLC bought a new stake in American International Group in the 4th quarter valued at $1,091,000. Sivia Capital Partners LLC lifted its position in American International Group by 30.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after acquiring an additional 1,185 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in American International Group in the 2nd quarter valued at $217,000. Ieq Capital LLC lifted its position in American International Group by 11.5% during the 2nd quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock worth $20,958,000 after buying an additional 25,311 shares in the last quarter. Finally, HUB Investment Partners LLC acquired a new position in shares of American International Group during the 2nd quarter worth about $269,000. 90.60% of the stock is owned by institutional investors.

American International Group Price Performance

NYSE:AIG opened at $76.00 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The stock’s 50-day simple moving average is $77.37 and its 200 day simple moving average is $78.17. The company has a market cap of $40.80 billion, a P/E ratio of 14.02, a P/E/G ratio of 0.59 and a beta of 0.59. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $87.46.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.99 billion. American International Group had a net margin of 11.56% and a return on equity of 9.79%. During the same period in the prior year, the firm earned $1.30 EPS. As a group, sell-side analysts forecast that American International Group, Inc. will post 7.79 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, March 16th. American International Group’s dividend payout ratio is presently 33.21%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a report on Monday, December 29th. Barclays lowered their target price on American International Group from $79.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 7th. Mizuho lowered their target price on American International Group from $86.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Piper Sandler lowered their target price on American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Finally, Cantor Fitzgerald lifted their target price on American International Group from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $86.76.

American International Group 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.