Achmea Investment Management B.V. Has $22.01 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

Achmea Investment Management B.V. lifted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 29.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 253,149 shares of the insurance provider's stock after purchasing an additional 58,072 shares during the quarter. Achmea Investment Management B.V.'s holdings in American International Group were worth $22,009,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AIG. Miracle Mile Advisors LLC raised its position in shares of American International Group by 1.6% in the 1st quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider's stock valued at $704,000 after buying an additional 124 shares in the last quarter. Western Pacific Wealth Management LP lifted its position in shares of American International Group by 2.3% during the 1st quarter. Western Pacific Wealth Management LP now owns 5,673 shares of the insurance provider's stock worth $493,000 after buying an additional 125 shares during the last quarter. Snowden Capital Advisors LLC boosted its stake in American International Group by 1.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider's stock valued at $769,000 after buying an additional 146 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its position in American International Group by 1.8% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,799 shares of the insurance provider's stock valued at $641,000 after acquiring an additional 152 shares during the last quarter. Finally, Pitcairn Co. grew its position in American International Group by 2.2% in the fourth quarter. Pitcairn Co. now owns 7,368 shares of the insurance provider's stock valued at $536,000 after acquiring an additional 158 shares during the last quarter. Institutional investors own 90.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Jefferies Financial Group raised their target price on shares of American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $91.00 target price (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Barclays upped their price target on shares of American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, BMO Capital Markets upped their target price on American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a report on Thursday, March 13th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $88.12.

American International Group Stock Performance

Shares of AIG opened at $85.10 on Friday. The stock has a 50-day moving average of $83.45 and a 200-day moving average of $79.42. The company has a market cap of $49.05 billion, a PE ratio of -31.99, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.64 and a quick ratio of 0.64. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.13. The firm had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. During the same period last year, the company earned $1.25 earnings per share. On average, equities research analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.45 dividend. This is a positive change from American International Group's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 2.12%. American International Group's dividend payout ratio is presently -67.67%.

Insider Activity

In other American International Group news, EVP Christopher Flatt sold 46,182 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $83.26, for a total value of $3,845,113.32. Following the completion of the sale, the executive vice president now directly owns 21,400 shares of the company's stock, valued at approximately $1,781,764. This represents a 68.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.

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