Swedbank AB Lowers Stock Position in American International Group, Inc. $AIG

Swedbank AB lessened its holdings in shares of American International Group, Inc. (NYSE:AIG) by 1.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,317,176 shares of the insurance provider’s stock after selling 14,746 shares during the period. Swedbank AB’s holdings in American International Group were worth $103,451,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new position in American International Group during the 2nd quarter valued at about $32,000. GFG Capital LLC bought a new position in shares of American International Group during the second quarter valued at approximately $33,000. Barrett & Company Inc. purchased a new position in shares of American International Group during the second quarter valued at approximately $35,000. NewSquare Capital LLC lifted its holdings in shares of American International Group by 58.6% during the second quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 154 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of American International Group in the 2nd quarter worth approximately $40,000. 90.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Jefferies Financial Group lifted their price objective on American International Group from $96.00 to $101.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Piper Sandler raised their price target on American International Group from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Monday. Morgan Stanley dropped their price target on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. JPMorgan Chase & Co. raised their price objective on shares of American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Finally, HSBC decreased their target price on shares of American International Group from $93.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, American International Group has a consensus rating of “Hold” and an average price target of $89.28.

American International Group Price Performance

NYSE AIG opened at $86.38 on Thursday. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The stock has a 50-day moving average of $79.01 and a 200 day moving average of $80.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $46.61 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 0.90 and a beta of 0.62.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the business earned $1.23 EPS. On average, sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.1%. American International Group’s dividend payout ratio (DPR) is currently 32.73%.

American International Group Company 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.