American International Group, Inc. $AIG Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB raised its position in American International Group, Inc. (NYSE:AIG) by 129.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 136,069 shares of the insurance provider’s stock after purchasing an additional 76,874 shares during the period. Nordea Investment Management AB’s holdings in American International Group were worth $11,695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westfuller Advisors LLC acquired a new stake in shares of American International Group in the third quarter valued at about $26,000. Atlantic Union Bankshares Corp boosted its position in American International Group by 7,100.0% during the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 355 shares during the last quarter. Eastern Bank grew its stake in American International Group by 2,473.3% during the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 371 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in American International Group during the 2nd quarter valued at about $32,000. Finally, Motco raised its holdings in American International Group by 950.0% in the 3rd quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 380 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AIG shares. The Goldman Sachs Group raised shares of American International Group from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Thursday, March 5th. Keefe, Bruyette & Woods upped their price target on American International Group from $96.00 to $97.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. HSBC lifted their price objective on American International Group from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Jefferies Financial Group boosted their price objective on American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Finally, TD Cowen upped their target price on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $88.17.

American International Group Stock Performance

American International Group stock opened at $74.35 on Wednesday. The firm has a 50 day simple moving average of $76.43 and a 200-day simple moving average of $78.42. The stock has a market cap of $39.90 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 0.57 and a beta of 0.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $88.07.

American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, February 12th. The insurance provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.99 billion. During the same quarter in the previous year, the company earned $1.30 EPS. On average, analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be given a $0.45 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. American International Group’s payout ratio is currently 33.21%.

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.