KLP Kapitalforvaltning AS Invests $16.67 Million in American International Group, Inc. (NYSE:AIG)

KLP Kapitalforvaltning AS acquired a new position in American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 228,985 shares of the insurance provider’s stock, valued at approximately $16,670,000.

Several other hedge funds also recently made changes to their positions in the business. Knights of Columbus Asset Advisors LLC grew its stake in shares of American International Group by 3.8% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 114,540 shares of the insurance provider’s stock worth $8,339,000 after purchasing an additional 4,151 shares during the last quarter. Sei Investments Co. increased its position in shares of American International Group by 0.7% in the fourth quarter. Sei Investments Co. now owns 1,474,962 shares of the insurance provider’s stock worth $107,377,000 after acquiring an additional 9,843 shares in the last quarter. American Century Companies Inc. increased its position in shares of American International Group by 9.5% in the fourth quarter. American Century Companies Inc. now owns 746,511 shares of the insurance provider’s stock worth $54,346,000 after acquiring an additional 64,461 shares in the last quarter. Mizuho Securities USA LLC increased its position in shares of American International Group by 41.6% in the fourth quarter. Mizuho Securities USA LLC now owns 59,119 shares of the insurance provider’s stock worth $4,304,000 after acquiring an additional 17,362 shares in the last quarter. Finally, Sciencast Management LP increased its position in shares of American International Group by 9.0% in the fourth quarter. Sciencast Management LP now owns 41,747 shares of the insurance provider’s stock worth $3,039,000 after acquiring an additional 3,444 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

NYSE AIG opened at $83.03 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $49.27 billion, a PE ratio of -39.92, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The company has a 50 day moving average price of $77.45 and a two-hundred day moving average price of $75.55. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $84.99.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, equities analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Monday, March 17th. American International Group’s payout ratio is -76.92%.

Insider Transactions at American International Group

In other news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at $770,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group dropped their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. HSBC raised shares of American International Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Wednesday, March 5th. Morgan Stanley lifted their target price on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Wells Fargo & Company boosted their price objective on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Finally, Hsbc Global Res raised shares of American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $84.31.

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.