Swiss National Bank Boosts Stock Holdings in American International Group, Inc. $AIG

Swiss National Bank lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,583,564 shares of the insurance provider’s stock after buying an additional 65,400 shares during the quarter. Swiss National Bank’s holdings in American International Group were worth $119,163,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Nordea Investment Management AB increased its position in shares of American International Group by 129.9% in the fourth quarter. Nordea Investment Management AB now owns 136,069 shares of the insurance provider’s stock worth $11,695,000 after purchasing an additional 76,874 shares during the last quarter. Cypress Wealth Services LLC purchased a new position in American International Group in the 4th quarter worth approximately $1,269,000. Mirae Asset Global Investments Co. Ltd. grew its stake in American International Group by 20.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,932 shares of the insurance provider’s stock worth $7,608,000 after buying an additional 15,116 shares in the last quarter. Norges Bank bought a new position in shares of American International Group in the 4th quarter worth $636,782,000. Finally, Perpetual Ltd raised its position in shares of American International Group by 60.4% during the 4th quarter. Perpetual Ltd now owns 715,870 shares of the insurance provider’s stock valued at $61,243,000 after buying an additional 269,600 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Down 0.9%

AIG opened at $79.77 on Tuesday. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average price is $76.50 and its 200-day moving average price is $76.61. The company has a market cap of $42.29 billion, a P/E ratio of 14.07, a P/E/G ratio of 0.74 and a beta of 0.53.

American International Group (NYSE:AIG) last issued its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same period in the prior year, the business posted $1.17 EPS. On average, equities analysts expect that American International Group, Inc. will post 8 EPS for the current year.

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, June 15th. American International Group’s payout ratio is currently 35.27%.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of research analyst reports. UBS Group increased their target price on American International Group from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Citigroup upped their price objective on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods decreased their price objective on American International Group from $98.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Barclays upped their target price on American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company increased their price target on shares of American International Group from $85.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $88.22.

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.