PensionDanmark Pensionsforsikringsaktieselskab Buys 38,483 Shares of American International Group, Inc. $AIG

Key Points

• PensionDanmark increased its AIG stake by 35.8% in the second quarter, purchasing 38,483 additional shares and bringing its total holdings to 146,083 shares valued at approximately $10.9 million. Institutional investors collectively own 90.6% of AIG.
• AIG reported quarterly earnings of $2.00 per share, exceeding the $1.92 consensus estimate and rising from $1.81 a year earlier, although revenue of $7.08 billion fell short of expectations.
• AIG declared a quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a 2.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $88.28.

PensionDanmark Pensionsforsikringsaktieselskab grew its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 35.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,083 shares of the insurance provider's stock after purchasing an additional 38,483 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab's holdings in American International Group were worth $10,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AIG. Mirae Asset Global Investments Co. Ltd. grew its position in American International Group by 20.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,932 shares of the insurance provider's stock valued at $7,608,000 after purchasing an additional 15,116 shares during the period. Norges Bank acquired a new position in American International Group during the fourth quarter worth $636,782,000. Danske Bank A S raised its holdings in American International Group by 7.7% during the fourth quarter. Danske Bank A S now owns 351,972 shares of the insurance provider's stock worth $30,111,000 after buying an additional 25,200 shares during the last quarter. Lee Danner & Bass Inc. lifted its stake in shares of American International Group by 194.2% in the first quarter. Lee Danner & Bass Inc. now owns 33,781 shares of the insurance provider's stock valued at $2,542,000 after buying an additional 22,300 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of American International Group by 4.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,156,343 shares of the insurance provider's stock valued at $97,445,000 after buying an additional 50,775 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

American International Group Stock Performance

Shares of AIG stock opened at $78.80 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a 50-day moving average of $77.28 and a 200-day moving average of $76.74. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29. The company has a market cap of $41.78 billion, a P/E ratio of 14.40, a P/E/G ratio of 0.73 and a beta of 0.53.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.08. American International Group had a net margin of 11.13% and a return on equity of 11.03%. The business had revenue of $7.08 billion for the quarter, compared to analysts' expectations of $7.25 billion. During the same period in the previous year, the company earned $1.81 earnings per share. Equities research analysts forecast that American International Group, Inc. will post 7.97 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. American International Group's dividend payout ratio (DPR) is currently 35.27%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. HSBC decreased their target price on shares of American International Group from $94.00 to $88.00 and set a "buy" rating for the company in a research report on Monday, July 6th. The Goldman Sachs Group raised their price target on shares of American International Group from $85.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Wells Fargo & Company lifted their price target on American International Group from $85.00 to $89.00 and gave the company an "equal weight" rating in a research note on Thursday, July 9th. Bank of America lowered their price objective on American International Group from $80.00 to $79.00 and set a "neutral" rating for the company in a research note on Tuesday, April 14th. Finally, Mizuho raised their target price on American International Group from $86.00 to $89.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $88.28.

Trending Headlines about American International Group

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: Second-quarter earnings exceeded expectations. AIG reported adjusted earnings of $2.00 per share, up from $1.81 a year earlier and ahead of consensus estimates ranging from $1.89 to $1.92. Strong underwriting income and lower catastrophe losses were key drivers. AIG Beats Q2 Earnings Estimates on Robust Underwriting Income
• Positive Sentiment: Premium growth was broad-based. Net premiums written increased across all three of AIG’s business lines, reinforcing management’s view that organic growth and recent strategic transactions are strengthening the company’s diversified insurance platform. AIG Q2 earnings beat as NPW grows across all three lines
• Positive Sentiment: AIG declared a quarterly dividend of $0.50 per share. The dividend is payable September 30 to shareholders of record on September 16, implying $2.00 in annualized payments and a yield of approximately 2.5% based on the referenced share price.
• Neutral Sentiment: Barclays raised its price target modestly to $81 from $80 while maintaining an “equal weight” rating. The revised target suggests limited near-term upside and does not represent a strong bullish endorsement.
• Negative Sentiment: Revenue fell short of expectations. Quarterly revenue was approximately $7.08 billion, below the $7.25 billion consensus forecast. Weaker investment income partly offset the improvement in underwriting results, giving investors a reason to temper their reaction to the earnings beat. AIG quarterly earnings report

American International Group 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.

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