National Pension Service Has $75.92 Million Holdings in American International Group, Inc. $AIG

National Pension Service cut its stake in American International Group, Inc. (NYSE:AIG) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 887,460 shares of the insurance provider’s stock after selling 16,461 shares during the quarter. National Pension Service’s holdings in American International Group were worth $75,922,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in American International Group in the 4th quarter worth $21,400,000. Northwestern Mutual Wealth Management Co. lifted its position in American International Group by 44.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 73,396 shares of the insurance provider’s stock worth $6,279,000 after buying an additional 22,585 shares in the last quarter. Moors & Cabot Inc. lifted its position in American International Group by 32.4% during the 4th quarter. Moors & Cabot Inc. now owns 10,603 shares of the insurance provider’s stock worth $907,000 after buying an additional 2,597 shares in the last quarter. Intech Investment Management LLC lifted its position in American International Group by 13.9% during the 4th quarter. Intech Investment Management LLC now owns 50,068 shares of the insurance provider’s stock worth $4,283,000 after buying an additional 6,092 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc bought a new stake in American International Group during the 4th quarter worth about $269,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AIG has been the topic of several analyst reports. Barclays boosted their price target on shares of American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Piper Sandler cut their price target on shares of 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. Citigroup boosted their price target on shares of American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. cut their price target on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Finally, UBS Group upped their target price on shares of American International Group from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $88.06.

American International Group Stock Down 0.2%

Shares of AIG stock opened at $74.26 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The firm’s 50-day moving average is $76.12 and its 200-day moving average is $77.56. The stock has a market cap of $39.37 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.68 and a beta of 0.53. 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 Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The company had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a net margin of 11.86% and a return on equity of 10.93%. During the same period in the prior year, the firm earned $1.17 EPS. Sell-side analysts predict that American International Group, Inc. will post 7.97 EPS for the current year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s payout ratio is currently 31.75%.

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.