Nykredit A S Takes Position in American International Group, Inc. $AIG

Key Points

• Nykredit A/S acquired 171,192 AIG shares during the second quarter, valued at approximately $12.8 million. Institutional investors collectively own 90.6% of AIG’s outstanding stock.
• AIG reported quarterly earnings of $2.00 per share, exceeding analysts’ $1.92 estimate, although revenue of $7.08 billion fell short of expectations. The company declared a quarterly dividend of $0.50, equivalent to a 2.6% annual yield.
• Analyst sentiment remains mixed, with eight Buy ratings and twelve Hold ratings and a consensus price target of $88.37 versus the stock’s recent price near $76.18. CEO Peter Zaffino also sold 36,829 shares under a pre-arranged trading plan.

Nykredit A S acquired a new position in American International Group, Inc. (NYSE:AIG - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 171,192 shares of the insurance provider's stock, valued at approximately $12,759,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of American International Group during the fourth quarter worth approximately $1,091,000. Sivia Capital Partners LLC grew its stake in shares of American International Group by 30.7% in the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider's stock worth $432,000 after acquiring an additional 1,185 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of American International Group in the second quarter worth $217,000. Ieq Capital LLC increased its position in American International Group by 11.5% during the second quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider's stock worth $20,958,000 after acquiring an additional 25,311 shares during the period. Finally, HUB Investment Partners LLC acquired a new position in American International Group during the 2nd quarter valued at $269,000. Institutional investors own 90.60% of the company's stock.

Insider Activity

In related news, insider Peter Zaffino sold 36,829 shares of American International Group stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the completion of the transaction, the insider directly owned 556,004 shares of the company's stock, valued at $42,334,144.56. This trade represents a 6.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

American International Group Trading Down 0.9%

Shares of AIG opened at $76.18 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The stock has a market cap of $39.83 billion, a PE ratio of 13.93, a PEG ratio of 0.86 and a beta of 0.50. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29. The stock has a 50 day simple moving average of $77.96 and a 200-day simple moving average of $76.99.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The insurance provider reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.92 by $0.08. American International Group had a return on equity of 11.05% and a net margin of 11.13%.The firm had revenue of $7.08 billion for the quarter, compared to analysts' expectations of $7.25 billion. During the same period in the prior year, the business posted $1.81 earnings per share. On average, sell-side analysts predict that American International Group, Inc. will post 8.02 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. American International Group's dividend payout ratio is presently 36.56%.

Analysts Set New Price Targets

Several research firms have recently issued reports on AIG. Royal Bank Of Canada boosted their price objective on shares of American International Group from $85.00 to $87.00 and gave the stock a "sector perform" rating in a report on Monday, August 10th. The Goldman Sachs Group upped their price target on American International Group from $85.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. Morgan Stanley lowered their price objective on American International Group from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 12th. Argus restated a "buy" rating and issued a $90.00 target price on shares of American International Group in a research note on Wednesday. Finally, UBS Group lifted their price target on shares of American International Group from $94.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday, July 8th. Eight equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $88.37.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.