Raiffeisen Bank International AG Takes Position in American International Group, Inc. (NYSE:AIG)

Raiffeisen Bank International AG bought a new stake in American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,074 shares of the insurance provider’s stock, valued at approximately $513,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AIG. Norges Bank acquired a new stake in shares of American International Group in the 4th quarter valued at $718,013,000. Balyasny Asset Management L.P. bought a new position in shares of American International Group in the fourth quarter valued at about $135,325,000. Wellington Management Group LLP raised its holdings in shares of American International Group by 7.2% in the fourth quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider’s stock valued at $1,951,427,000 after buying an additional 1,791,964 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of American International Group by 2,134.0% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,426,985 shares of the insurance provider’s stock valued at $103,885,000 after buying an additional 1,363,108 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of American International Group in the fourth quarter valued at about $95,074,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

American International Group stock opened at $84.34 on Friday. The firm has a market capitalization of $48.60 billion, a P/E ratio of -40.55, a PEG ratio of 1.01 and a beta of 0.69. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07. The business has a 50-day moving average of $82.47 and a 200-day moving average of $77.73. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

American International Group (NYSE:AIG) last posted its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.13. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.89 billion. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. During the same period in the previous year, the company earned $1.25 EPS. On average, equities analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from American International Group’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.13%. American International Group’s payout ratio is currently -67.67%.

Insider Activity at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $83.26, for a total value of $3,845,113.32. Following the completion of the transaction, the executive vice president now directly owns 21,400 shares in the company, valued at approximately $1,781,764. The trade was a 68.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on AIG. HSBC raised American International Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $91.00 price target (up from $83.00) on shares of American International Group in a report on Tuesday, April 8th. The Goldman Sachs Group lifted their price target on American International Group from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods lifted their price target on American International Group from $94.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Finally, UBS Group dropped their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $87.88.

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.