Mn Services Vermogensbeheer B.V. Has $20.34 Million Holdings in American International Group, Inc. (NYSE:AIG)

Mn Services Vermogensbeheer B.V. lifted its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 279,400 shares of the insurance provider’s stock after buying an additional 8,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in American International Group were worth $20,340,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in American International Group by 29.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,646 shares of the insurance provider’s stock valued at $2,977,000 after purchasing an additional 9,175 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of American International Group by 1.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 144,616 shares of the insurance provider’s stock valued at $10,558,000 after buying an additional 2,038 shares during the period. Pallas Capital Advisors LLC bought a new stake in American International Group in the 3rd quarter valued at about $265,000. Fidelis Capital Partners LLC bought a new stake in American International Group in the 3rd quarter valued at about $227,000. Finally, First Trust Direct Indexing L.P. raised its stake in American International Group by 7.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 24,419 shares of the insurance provider’s stock worth $1,788,000 after buying an additional 1,621 shares during the period. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Morgan Stanley upped their price objective on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $79.00 price objective (down from $83.00) on shares of American International Group in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods upped their target price on shares of American International Group from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, American International Group currently has a consensus rating of “Hold” and an average target price of $83.94.

American International Group Stock Performance

AIG stock opened at $79.75 on Friday. 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 firm has a market cap of $47.32 billion, a PE ratio of -38.34, a P/E/G ratio of 1.01 and a beta of 1.05. The business has a 50 day moving average of $74.30 and a 200-day moving average of $74.69. American International Group, Inc. has a 12-month low of $69.00 and a 12-month high of $80.83.

American International Group (NYSE:AIG) last announced its quarterly earnings data 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, sell-side analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Insider Buying and Selling

In other news, Director John G. Rice acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price 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 in the company, valued at approximately $770,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

About American International Group

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.