Swedbank AB Sells 393,756 Shares of American International Group, Inc. $AIG

Key Points

• Swedbank AB reduced its stake in American International Group, Inc. by 18.5%, selling 393,756 shares during the first quarter, resulting in ownership of approximately 1,733,932 shares valued at $150.7 million.
• American International Group reported $1.81 earnings per share (EPS), surpassing analysts' estimates of $1.60, with revenue totaling $6.77 billion for the quarter.
• The company declared a quarterly dividend of $0.45 per share, set to be paid on September 30th, reflecting an annualized dividend yield of 2.3%.

Swedbank AB lessened its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 18.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,733,932 shares of the insurance provider's stock after selling 393,756 shares during the period. Swedbank AB owned approximately 0.30% of American International Group worth $150,748,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GQG Partners LLC increased its position in 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 valued at $1,643,995,000 after buying an additional 18,852,949 shares in the last quarter. Bank of New York Mellon Corp increased its position in 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 valued at $974,840,000 after buying an additional 1,901,998 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in American International Group by 22.8% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider's stock valued at $792,340,000 after buying an additional 1,694,290 shares in the last quarter. Nuveen LLC bought a new position in American International Group during the 1st quarter valued at approximately $440,273,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in American International Group by 12.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,813,138 shares of the insurance provider's stock valued at $350,396,000 after buying an additional 519,715 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

Wall Street Analyst Weigh In

AIG has been the subject of a number of analyst reports. Citigroup started coverage on American International Group in a research report on Wednesday, August 13th. They set a "neutral" rating and a $85.00 price objective for the company. Cfra Research raised American International Group to a "moderate buy" rating in a report on Monday, August 11th. Cantor Fitzgerald raised American International Group to a "hold" rating in a report on Tuesday, August 12th. William Blair raised American International Group to a "strong-buy" rating in a report on Friday, August 1st. Finally, Morgan Stanley lifted their target price on American International Group from $81.00 to $85.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $88.27.

American International Group Stock Performance

AIG stock opened at $78.75 on Friday. The company has a market cap of $43.63 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 0.83 and a beta of 0.70. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The stock's fifty day moving average price is $80.41 and its 200-day moving average price is $82.09.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.21. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate 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 period last year, the business posted $1.16 EPS. On average, equities analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

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

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.

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