KLP Kapitalforvaltning AS Has $20.70 Million Holdings in American International Group, Inc. (NYSE:AIG)

KLP Kapitalforvaltning AS boosted its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 4.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 238,085 shares of the insurance provider's stock after buying an additional 9,100 shares during the period. KLP Kapitalforvaltning AS's holdings in American International Group were worth $20,699,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AIG. Miracle Mile Advisors LLC increased its stake in shares of American International Group by 1.6% during the first quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider's stock worth $704,000 after purchasing an additional 124 shares during the period. Western Pacific Wealth Management LP grew its holdings in 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 buying an additional 125 shares in the last quarter. Montag A & Associates Inc. increased 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 during the period. Checchi Capital Advisers LLC lifted its holdings in shares of American International Group by 2.4% during the first quarter. Checchi Capital Advisers LLC now owns 5,610 shares of the insurance provider's stock worth $488,000 after buying an additional 132 shares in the last quarter. Finally, Snowden Capital Advisors LLC boosted its position in shares of American International Group by 1.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 10,564 shares of the insurance provider's stock valued at $769,000 after acquiring an additional 146 shares during the period. 90.60% of the stock is owned by institutional investors.

American International Group Price Performance

American International Group stock traded up $0.89 during midday trading on Friday, reaching $80.12. The company's stock had a trading volume of 4,476,835 shares, compared to its average volume of 4,154,542. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. The stock has a market cap of $46.17 billion, a PE ratio of -30.12, a price-to-earnings-growth ratio of 0.88 and a beta of 0.63. American International Group, Inc. has a 52 week low of $69.00 and a 52 week high of $88.07. The business has a 50-day moving average price of $83.43 and a 200-day moving average price of $80.87.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.13. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.89 billion. American International Group had a negative net margin of 7.05% and a positive return on equity of 7.13%. During the same period in the previous year, the firm posted $1.25 EPS. On average, sell-side analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.25%. American International Group's dividend payout ratio is -67.67%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AIG shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $91.00 price target (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. 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. Keefe, Bruyette & Woods lifted their price target on shares of American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft increased their price target on American International Group to $91.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Finally, The Goldman Sachs Group lifted their price objective on American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.19.

Insider Activity at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the sale, the executive vice president owned 21,400 shares in the company, valued at $1,781,764. The trade was a 68.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company's stock.

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.