American International Group, Inc. $AIG Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its stake in American International Group, Inc. (NYSE:AIG) by 214.5% in the first quarter, Holdings Channel.com reports. The firm owned 80,139 shares of the insurance provider’s stock after acquiring an additional 54,659 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in American International Group were worth $6,030,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AIG. Modus Advisors LLC acquired a new position in American International Group during the fourth quarter worth $27,000. Navalign LLC acquired a new stake in shares of American International Group in the 4th quarter worth $29,000. Mcguire Capital Advisors Inc. purchased a new position in shares of American International Group during the 4th quarter worth $29,000. SHP Wealth Management purchased a new position in shares of American International Group during the 4th quarter worth $34,000. Finally, JPL Wealth Management LLC acquired a new position in shares of American International Group during the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Up 3.1%

NYSE:AIG opened at $76.30 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average is $75.88 and its two-hundred day moving average is $77.35. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.29. The stock has a market capitalization of $40.46 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 0.68 and a beta of 0.52.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The business had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. Research analysts anticipate that American International Group, Inc. will post 7.99 EPS for the current year.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.50 per share. This is a boost from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. American International Group’s dividend payout ratio (DPR) is currently 35.27%.

Wall Street Analyst Weigh In

AIG has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of American International Group from $97.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Wells Fargo & Company reduced their target price on shares of American International Group from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Citigroup boosted their target price on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Mizuho raised their price target on shares of American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, HSBC lifted their price target on shares of American International Group from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $87.78.

About American International Group

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.