American International Group, Inc. (NYSE:AIG) Shares Sold by Forsta AP Fonden

Key Points

• Forsta AP Fonden reduced its stake in American International Group, Inc. (AIG) by 7.8%, selling 10,100 shares and bringing its total holdings to 119,300 shares valued at approximately $10.37 million.
• AIG recently announced a quarterly dividend of $0.45 per share, representing an annualized dividend of $1.80 and a dividend yield of 2.3%, with an ex-dividend date of September 16th.
• The stock has shown a 12-month price range between $69.24 and $88.07, with a current market cap of $45.02 billion and a PE ratio of 14.79.

Forsta AP Fonden cut its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 7.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 119,300 shares of the insurance provider's stock after selling 10,100 shares during the quarter. Forsta AP Fonden's holdings in American International Group were worth $10,372,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Pinnacle Associates Ltd. boosted its holdings in shares of American International Group by 1.6% during the first quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider's stock worth $670,000 after purchasing an additional 122 shares during the period. Miracle Mile Advisors LLC increased its holdings in American International Group by 1.6% in the 1st quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider's stock valued at $704,000 after buying an additional 124 shares during the period. Western Pacific Wealth Management LP boosted its stake in shares of American International Group by 2.3% in the 1st quarter. Western Pacific Wealth Management LP now owns 5,673 shares of the insurance provider's stock valued at $493,000 after purchasing an additional 125 shares in the last quarter. Montag A & Associates Inc. lifted its position in American International Group by 0.7% during the 1st quarter. Montag A & Associates Inc. now owns 17,788 shares of the insurance provider's stock worth $1,546,000 after buying an additional 130 shares in the last quarter. Finally, Carnegie Investment Counsel lifted its holdings in American International Group by 3.1% in the first quarter. Carnegie Investment Counsel now owns 4,311 shares of the insurance provider's stock valued at $375,000 after buying an additional 131 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AIG has been the topic of a number of analyst reports. Keefe, Bruyette & Woods cut their price target on shares of American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a research report on Tuesday. Wall Street Zen upgraded shares of American International Group from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley raised 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 report on Monday, May 19th. Barclays raised their target price on shares of American International Group from $92.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, William Blair raised shares of American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $87.93.

American International Group Stock Down 0.2%

NYSE:AIG traded down $0.13 during trading hours on Tuesday, reaching $78.50. 5,093,733 shares of the company traded hands, compared to its average volume of 4,346,004. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The business's 50-day moving average price is $82.15 and its two-hundred day moving average price is $81.26. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $43.49 billion, a P/E ratio of 14.87, a P/E/G ratio of 0.85 and a beta of 0.63.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.60 by $0.21. The company 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 in the prior year, the business earned $1.16 earnings per share. Analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 16th. American International Group's dividend payout ratio is presently 34.09%.

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.