Swiss National Bank Reduces Holdings in American International Group, Inc. $AIG

Swiss National Bank reduced its position in American International Group, Inc. (NYSE:AIG) by 6.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,661,364 shares of the insurance provider’s stock after selling 105,800 shares during the period. Swiss National Bank’s holdings in American International Group were worth $130,484,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AIG. Norges Bank purchased a new position in American International Group during the second quarter worth about $787,724,000. Vanguard Group Inc. boosted its holdings in American International Group by 11.6% in the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after purchasing an additional 7,117,583 shares in the last quarter. Viking Global Investors LP acquired a new position in American International Group during the 2nd quarter worth approximately $155,413,000. Jupiter Asset Management Ltd. raised its stake in shares of American International Group by 2,157.0% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,615,618 shares of the insurance provider’s stock worth $126,891,000 after buying an additional 1,544,037 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of American International Group in the 3rd quarter valued at approximately $77,054,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of recent analyst reports. Mizuho upped their price objective on American International Group from $83.00 to $86.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. The Goldman Sachs Group raised shares of American International Group from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Thursday, March 5th. Jefferies Financial Group raised their price objective on shares of American International Group from $96.00 to $101.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Wells Fargo & Company boosted their price objective on shares of American International Group from $85.00 to $87.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Finally, Keefe, Bruyette & Woods upped their target price on shares of American International Group from $96.00 to $97.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $87.95.

American International Group Price Performance

American International Group stock opened at $78.07 on Wednesday. The firm has a market capitalization of $41.89 billion, a PE ratio of 14.40, a P/E/G ratio of 0.59 and a beta of 0.58. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $88.07. The firm’s 50-day simple moving average is $77.20 and its 200 day simple moving average is $78.83. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share 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 during the quarter, compared to the consensus estimate of $6.99 billion. During the same period last year, the firm posted $1.30 EPS. On average, equities research analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, March 16th. 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.