158,147 Shares in American International Group, Inc. $AIG Bought by Nykredit A S

Key Points

• Nykredit A/S acquired 158,147 AIG shares worth approximately $11.8 million in the second quarter. Institutional investors collectively own 90.6% of AIG’s outstanding stock.
• AIG reported quarterly EPS of $2.00, beating analysts’ $1.92 estimate, while revenue came in at $7.08 billion versus the $7.25 billion consensus forecast.
• The company declared a quarterly dividend of $0.50 per share, equivalent to a $2.00 annualized payout and a 2.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $88.16.

Nykredit A S acquired a new stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 158,147 shares of the insurance provider's stock, valued at approximately $11,787,000.

Several other hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of American International Group by 6.9% during the 2nd quarter. Wellington Management Group LLP now owns 30,331,704 shares of the insurance provider's stock valued at $2,260,622,000 after acquiring an additional 1,961,270 shares in the last quarter. Franklin Resources Inc. raised its position in American International Group by 36.9% in the fourth quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider's stock worth $1,336,147,000 after purchasing an additional 4,210,363 shares in the last quarter. Norges Bank acquired a new position in American International Group in the fourth quarter worth about $636,782,000. Bank of New York Mellon Corp lifted its stake in American International Group by 6.1% during the first quarter. Bank of New York Mellon Corp now owns 8,237,375 shares of the insurance provider's stock worth $619,862,000 after purchasing an additional 474,035 shares during the period. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in American International Group during the second quarter valued at approximately $464,539,000. Institutional investors own 90.60% of the company's stock.

American International Group Price Performance

Shares of AIG stock opened at $75.41 on Monday. The stock has a 50-day moving average price of $77.38 and a 200 day moving average price of $76.66. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm has a market cap of $39.43 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 0.84 and a beta of 0.50. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Friday, August 7th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.08. American International Group had a net margin of 11.13% and a return on equity of 11.05%. The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same period in the prior year, the company posted $1.81 EPS. Research analysts expect that American International Group, Inc. will post 8.02 EPS for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. American International Group's payout ratio is presently 36.56%.

Insider Buying and Selling at American International Group

In other news, insider Peter Zaffino sold 200,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was 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 $45,333,939.51. This represents a 25.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price objective on American International Group from $95.00 to $96.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. HSBC decreased their price target on American International Group from $94.00 to $88.00 and set a "buy" rating on the stock in a research note on Monday, July 6th. Argus reiterated a "buy" rating and set a $90.00 price objective on shares of American International Group in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. lifted their price objective on American International Group from $86.00 to $90.00 and gave the company a "neutral" rating in a report on Monday, July 20th. Finally, Weiss Ratings raised shares of American International Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 2nd. Eight analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $88.16.

American International Group Profile

American International Group, Inc NYSE: AIG is a global insurance organization that provides commercial and personal insurance products and services. Through its General Insurance business, AIG offers property, casualty, liability, workers' compensation, accident, specialty, and other insurance solutions to businesses, institutions, and individuals.

AIG serves multinational corporations, small and midsize businesses, public-sector organizations, and individual policyholders through a network spanning numerous countries and jurisdictions.

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