American International Group Inc (AIG) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt trimmed its stake in American International Group Inc (NYSE:AIG) by 28.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,888 shares of the insurance provider’s stock after selling 13,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in American International Group were worth $1,804,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Mount Yale Investment Advisors LLC grew its position in American International Group by 15.5% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 7,307 shares of the insurance provider’s stock worth $387,000 after purchasing an additional 983 shares during the last quarter. Cibc Bank USA grew its position in American International Group by 7.5% in the 2nd quarter. Cibc Bank USA now owns 15,050 shares of the insurance provider’s stock worth $798,000 after purchasing an additional 1,047 shares during the last quarter. State Treasurer State of Michigan grew its position in American International Group by 0.4% in the 2nd quarter. State Treasurer State of Michigan now owns 265,752 shares of the insurance provider’s stock worth $14,090,000 after purchasing an additional 1,100 shares during the last quarter. Raymond James Trust N.A. grew its position in American International Group by 17.8% in the 2nd quarter. Raymond James Trust N.A. now owns 7,485 shares of the insurance provider’s stock worth $396,000 after purchasing an additional 1,130 shares during the last quarter. Finally, Sumitomo Life Insurance Co. grew its position in American International Group by 4.5% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 29,499 shares of the insurance provider’s stock worth $1,564,000 after purchasing an additional 1,266 shares during the last quarter. Institutional investors own 89.28% of the company’s stock.

Shares of American International Group stock opened at $40.92 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.55. American International Group Inc has a twelve month low of $40.48 and a twelve month high of $65.30. The stock has a market cap of $36.36 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.17 and a beta of 1.27.



American International Group (NYSE:AIG) last issued its earnings results on Thursday, August 2nd. The insurance provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.16). American International Group had a negative net margin of 13.67% and a positive return on equity of 2.03%. The business had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.71 billion. During the same quarter last year, the firm posted $1.19 earnings per share. Research analysts forecast that American International Group Inc will post 3.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Monday, September 17th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, September 14th. This represents a $1.28 annualized dividend and a dividend yield of 3.13%. American International Group’s dividend payout ratio (DPR) is currently 53.33%.

AIG has been the topic of several research analyst reports. Morgan Stanley set a $65.00 price target on shares of American International Group and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Zacks Investment Research upgraded shares of American International Group from a “strong sell” rating to a “hold” rating and set a $60.00 target price on the stock in a research report on Wednesday, July 4th. Argus decreased their target price on shares of American International Group from $63.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. Deutsche Bank decreased their target price on shares of American International Group from $54.00 to $52.00 and set a “hold” rating on the stock in a research report on Monday, October 22nd. Finally, JPMorgan Chase & Co. set a $63.00 target price on shares of American International Group and gave the company a “hold” rating in a research report on Sunday, August 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $62.87.

American International Group Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers primarily in the United States, Europe, and Japan. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, and marine insurance.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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