American International Group, Inc. $AIG Shares Sold by Swiss National Bank

Key Points

• The Swiss National Bank cut its AIG stake by 6.0% in Q3, selling 105,800 shares and now holds 1,661,364 shares (about 0.31% of AIG) valued at roughly $130.48 million.
• Analysts have a consensus rating of Hold with a consensus price target of $87.95, although The Goldman Sachs Group recently upgraded AIG to a Buy with a $90 target.
• AIG declared a $0.45 quarterly dividend (ex-dividend date March 16, payable March 30), equal to a $1.80 annualized payout and about a 2.3% yield.

Swiss National Bank lessened its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,661,364 shares of the insurance provider's stock after selling 105,800 shares during the period. Swiss National Bank owned approximately 0.31% of American International Group worth $130,484,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of AIG. Westfuller Advisors LLC acquired a new position in American International Group in the third quarter valued at about $26,000. Atlantic Union Bankshares Corp raised its stake in shares of American International Group by 7,100.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider's stock valued at $28,000 after acquiring an additional 355 shares during the period. Eastern Bank lifted its holdings in shares of American International Group by 2,473.3% in the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider's stock worth $30,000 after acquiring an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in American International Group in the second quarter valued at approximately $32,000. Finally, Motco lifted its stake in American International Group by 950.0% during the third quarter. Motco now owns 420 shares of the insurance provider's stock worth $33,000 after purchasing an additional 380 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AIG shares. Keefe, Bruyette & Woods lifted their price objective on American International Group from $96.00 to $97.00 and gave the company an "outperform" rating in a research note on Thursday, February 12th. Wells Fargo & Company lifted their price objective on shares of American International Group from $85.00 to $87.00 and gave the company an "equal weight" rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of American International Group in a research note on Monday, December 29th. Bank of America decreased their price target on shares of American International Group from $89.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, January 16th. Finally, The Goldman Sachs Group upgraded American International Group from a "neutral" rating to a "buy" rating and set a $90.00 price objective on the stock in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, American International Group presently has a consensus rating of "Hold" and a consensus price target of $87.95.

American International Group Price Performance

Shares of AIG opened at $78.07 on Wednesday. The firm has a market capitalization of $41.89 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 0.59 and a beta of 0.58. The firm's fifty day simple moving average is $77.20 and its 200-day simple moving average is $78.83. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $88.07. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last posted its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.90 by $0.06. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.99 billion. American International Group had a return on equity of 9.79% and a net margin of 11.56%.During the same quarter in the prior year, the company posted $1.30 earnings per share. Equities analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, March 16th. American International Group's dividend payout ratio is currently 33.21%.

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.

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