E. Ohman J or Asset Management AB Invests $1.53 Million in American International Group, Inc. $AIG

Key Points

• E. Ohman J or Asset Management AB invested approximately $1.53 million in American International Group, acquiring 17,820 shares of the company during the second quarter.
• The stock of American International Group has received a consensus rating of "Moderate Buy" from analysts, with an average price target of $88.27.
• AIG recently announced a dividend of $0.45 per share to be paid on September 30th, representing an annualized yield of 2.3%.

E. Ohman J or Asset Management AB 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 13F filing with the SEC. The fund acquired 17,820 shares of the insurance provider's stock, valued at approximately $1,525,000.

Other hedge funds have also made changes to their positions in the company. AIA Group Ltd increased its position in American International Group by 169.6% during the 1st quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider's stock valued at $901,000 after buying an additional 6,523 shares in the last quarter. Townsquare Capital LLC increased its position in American International Group by 5.4% during the 1st quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider's stock valued at $10,009,000 after buying an additional 5,899 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in American International Group by 175.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock valued at $15,807,000 after buying an additional 115,706 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in American International Group by 2.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider's stock valued at $1,445,000 after buying an additional 355 shares in the last quarter. Finally, IFP Advisors Inc increased its position in American International Group by 34.9% during the 1st quarter. IFP Advisors Inc now owns 2,882 shares of the insurance provider's stock valued at $251,000 after buying an additional 745 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on AIG shares. Citigroup started coverage on American International Group in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $85.00 target price on the stock. Cfra Research raised American International Group to a "moderate buy" rating in a report on Monday, August 11th. Wall Street Zen raised American International Group from a "hold" rating to a "buy" rating in a report on Monday. Morgan Stanley lifted their target price on shares of American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, William Blair upgraded American International Group to a "strong-buy" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $88.27.

American International Group Price Performance

Shares of NYSE:AIG opened at $77.01 on Tuesday. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The stock has a market cap of $42.66 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 0.84 and a beta of 0.70. The stock's 50 day moving average price is $80.22 and its 200 day moving average price is $82.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The company had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.81 billion. During the same quarter in the prior year, the company earned $1.16 earnings per share. Equities research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group's payout ratio is currently 34.09%.

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.

Want to see what other hedge funds are holding AIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American International Group, Inc. (NYSE:AIG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.