Swiss National Bank Has $150.82 Million Holdings in American International Group, Inc. (NYSE:AIG)

Swiss National Bank cut its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,226,164 shares of the insurance provider's stock after selling 101,800 shares during the quarter. Swiss National Bank owned approximately 0.32% of American International Group worth $150,823,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Cary Street Partners Investment Advisory LLC grew its stake in American International Group by 0.9% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 18,553 shares of the insurance provider's stock valued at $1,257,000 after purchasing an additional 157 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in American International Group by 1.3% during the 3rd quarter. Meeder Advisory Services Inc. now owns 12,808 shares of the insurance provider's stock valued at $776,000 after purchasing an additional 162 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in American International Group by 3.6% during the 3rd quarter. Avantax Advisory Services Inc. now owns 4,819 shares of the insurance provider's stock valued at $292,000 after purchasing an additional 167 shares in the last quarter. Steph & Co. grew its stake in American International Group by 3.3% during the 3rd quarter. Steph & Co. now owns 5,448 shares of the insurance provider's stock valued at $330,000 after purchasing an additional 176 shares in the last quarter. Finally, Lindbrook Capital LLC grew its stake in American International Group by 2.7% during the 4th quarter. Lindbrook Capital LLC now owns 6,764 shares of the insurance provider's stock valued at $458,000 after purchasing an additional 176 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AIG. Evercore ISI raised their price objective on American International Group from $80.00 to $81.00 and gave the company an "in-line" rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on American International Group from $73.00 to $80.00 and gave the company a "neutral" rating in a report on Monday, April 8th. Royal Bank of Canada boosted their price target on American International Group from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Morgan Stanley increased their target price on shares of American International Group from $72.00 to $79.00 and gave the stock an "equal weight" rating in a report on Monday, April 15th. Finally, Citigroup raised their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, American International Group presently has a consensus rating of "Moderate Buy" and an average price target of $80.44.

American International Group Stock Performance

NYSE:AIG traded up $0.38 during mid-day trading on Friday, hitting $78.48. The stock had a trading volume of 6,715,711 shares, compared to its average volume of 3,941,598. The stock has a market capitalization of $53.44 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 1.12 and a beta of 1.02. The company has a 50 day simple moving average of $75.39 and a 200-day simple moving average of $69.47. American International Group, Inc. has a 52 week low of $48.95 and a 52 week high of $79.70. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.11. The firm had revenue of $12.58 billion for the quarter, compared to the consensus estimate of $12.04 billion. American International Group had a net margin of 9.98% and a return on equity of 10.68%. During the same period last year, the firm posted $1.63 EPS. On average, research analysts expect that American International Group, Inc. will post 6.95 earnings per share for the current fiscal year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.40 per share. This is a boost from American International Group's previous quarterly dividend of $0.36. The ex-dividend date is Friday, June 14th. This represents a $1.60 annualized dividend and a yield of 2.04%. American International Group's dividend payout ratio (DPR) is presently 21.49%.

American International Group declared that its Board of Directors has initiated a stock buyback program on Wednesday, May 1st that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to buy up to 19.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at American International Group

In other American International Group news, CEO Peter Zaffino sold 333,000 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the transaction, the chief executive officer now owns 505,420 shares of the company's stock, valued at approximately $38,346,215.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other American International Group news, CEO Peter Zaffino sold 333,000 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the transaction, the chief executive officer now owns 505,420 shares of the company's stock, valued at approximately $38,346,215.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John C. Inglis bought 659 shares of the stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the purchase, the director now owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. 0.61% of the stock is owned by corporate insiders.

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.