Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Position in American International Group, Inc. $AIG

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund has reduced its stake in American International Group (AIG) by 26.2%, selling 39,600 shares and leaving it with 111,726 shares valued at approximately $9.7 million.
• GQG Partners LLC significantly increased its holdings in AIG by 33,315.0% during the same quarter, owning nearly 18.9 million shares worth about $1.64 billion.
• AIG recently posted earnings of $1.81 per share, exceeding analysts' expectations, and announced a quarterly dividend of $0.45 to be paid later this month.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 26.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,726 shares of the insurance provider's stock after selling 39,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in American International Group were worth $9,713,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Research Global Investors increased its position in shares of American International Group by 1.4% during the 4th 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 during the last quarter. GQG Partners LLC increased its position in shares of American International Group by 33,315.0% during the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider's stock worth $1,643,995,000 after purchasing an additional 18,852,949 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of American International Group by 20.4% during the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider's stock worth $974,840,000 after purchasing an additional 1,901,998 shares during the last quarter. Northern Trust Corp grew its position in American International Group by 16.9% in the 4th quarter. Northern Trust Corp now owns 7,258,648 shares of the insurance provider's stock valued at $528,430,000 after acquiring an additional 1,050,228 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in American International Group by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,915,405 shares of the insurance provider's stock valued at $503,437,000 after acquiring an additional 143,046 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their target price on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Cantor Fitzgerald raised American International Group to a "hold" rating in a research report on Tuesday, August 12th. Morgan Stanley lifted their target price on 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. Keefe, Bruyette & Woods dropped their target price on American International Group from $97.00 to $91.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Finally, Cfra Research raised American International Group to a "moderate buy" rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $88.27.

American International Group Stock Up 1.4%

Shares of AIG traded up $1.1590 during midday trading on Wednesday, hitting $82.4490. The company had a trading volume of 3,424,105 shares, compared to its average volume of 4,309,755. The company's 50-day simple moving average is $81.61 and its 200-day simple moving average is $81.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $45.68 billion, a P/E ratio of 15.62, a P/E/G ratio of 0.87 and a beta of 0.63. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same quarter last year, the business posted $1.16 EPS. As a group, sell-side analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 annualized dividend and a yield of 2.2%. American International Group's payout ratio is presently 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.