Mn Services Vermogensbeheer B.V. Has $22.27 Million Stock Position in American International Group, Inc. (NYSE:AIG)

Mn Services Vermogensbeheer B.V. reduced its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 8.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,200 shares of the insurance provider's stock after selling 23,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in American International Group were worth $22,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AIG. Capital Research Global Investors lifted its position in shares of American International Group by 1.4% in the fourth quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock worth $2,540,050,000 after purchasing an additional 482,724 shares in the last quarter. Wellington Management Group LLP lifted its position in American International Group by 7.2% during the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after buying an additional 1,791,964 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in American International Group by 3.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock worth $1,029,905,000 after buying an additional 461,912 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of American International Group by 14.0% during the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after buying an additional 1,284,354 shares during the last quarter. Finally, Norges Bank bought a new position in shares of American International Group in the 4th quarter valued at about $718,013,000. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Performance

NYSE AIG traded up $0.84 during trading on Monday, reaching $85.45. The company's stock had a trading volume of 3,468,048 shares, compared to its average volume of 4,411,159. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07. The firm has a 50 day moving average price of $82.83 and a 200 day moving average price of $78.89. The firm has a market capitalization of $49.25 billion, a price-to-earnings ratio of -41.08, a price-to-earnings-growth ratio of 1.01 and a beta of 0.64. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

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

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.11%. This is a boost from American International Group's previous quarterly dividend of $0.40. American International Group's payout ratio is -67.67%.

Insider Buying and Selling

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

Analysts Set New Price Targets

AIG has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price target on American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Hsbc Global Res raised American International Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. UBS Group lowered their target price on shares of American International Group from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company increased 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. Finally, Morgan Stanley lifted their price objective on shares of American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Nine 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $88.12.

About American International Group

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.