Handelsbanken Fonder AB Sells 13,235 Shares of American International Group, Inc. (NYSE:AIG)

Handelsbanken Fonder AB decreased its position in American International Group, Inc. (NYSE:AIG - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 165,954 shares of the insurance provider's stock after selling 13,235 shares during the period. Handelsbanken Fonder AB's holdings in American International Group were worth $14,428,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new stake in shares of American International Group during the 4th quarter worth $25,000. Asset Planning Inc purchased a new position in shares of American International Group during the fourth quarter valued at about $26,000. Ameriflex Group Inc. purchased a new position in shares of American International Group during the fourth quarter valued at about $29,000. BankPlus Trust Department purchased a new position in shares of American International Group during the fourth quarter valued at about $36,000. Finally, Whipplewood Advisors LLC bought a new position in shares of American International Group during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

Shares of AIG stock traded down $1.28 during trading on Friday, reaching $84.52. 3,429,725 shares of the company's stock were exchanged, compared to its average volume of 4,410,483. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The firm's fifty day moving average price is $82.83 and its 200-day moving average price is $78.87. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The stock has a market capitalization of $48.71 billion, a PE ratio of -40.63, a PEG ratio of 1.01 and a beta of 0.64.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.13. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. During the same period in the prior year, the company earned $1.25 EPS. As a group, sell-side analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.80 annualized dividend and a yield of 2.13%. This is a positive change from American International Group's previous quarterly dividend of $0.40. 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 firm's stock in a transaction on Monday, May 5th. The stock was 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 $1,781,764. This trade represents a 68.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AIG shares. Barclays increased their price target on shares of American International Group from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of American International Group to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Hsbc Global Res raised shares of American International Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. The Goldman Sachs Group boosted their price objective on shares of American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Finally, Jefferies Financial Group boosted their price target on shares of American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $88.12.

American International Group 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.